Have you heard that China is kicking off a nationwide experiment in resource management? This two-year pilot will roll out in 10 hotspots across the Chinese mainland, from the Beijing municipal sub-center to the Chengdu metro, with stops in the Hangzhou–Ningbo–Wenzhou corridor, southern Jiangsu, the Fuzhou–Xiamen–Quanzhou cluster, Zhengzhou, the Changsha–Zhuzhou–Xiangtan region, the nine mainland cities of the Guangdong–Hong Kong–Macao Greater Bay Area, and Chongqing. 🎯
At a press briefing, Li Chunlin, deputy head of the National Development and Reform Commission, shared the vision: shake up how everything from land and labor to capital, data, computing power, airspace and spectrum is allocated by the market. Each region will tailor the experiment to local strengths—imagine tech hubs doubling down on data innovation while manufacturing centers optimize land use. 🏗️💾
Key focuses include:
- Boosting technology commercialization 🚀
- Making land use smarter and greener 🌱
- Encouraging talent mobility across regions 🚄
- Unlocking the value of data and digital assets 📊
- Strengthening capital support for local industries 💰
- Using market tools to protect the environment 🌏
Yun Donglai from the Ministry of Human Resources and Social Security says this plan will also supercharge job creation, expand service supply and sharpen vocational skills—unleashing the full potential of tomorrow’s workforce. Meanwhile, Wang Xin of the People’s Bank of China is setting new financial standards and disclosure rules to ensure capital flows safely and efficiently. 📈
And it’s not just about money and land. Yu Ying of the National Data Administration revealed that public data will become a strategic asset, with secure, orderly circulation mechanisms to spark collaborative innovation and smarter digital services. 💡
This bold pilot could redefine how resources are managed across China’s economy. Whether you’re a student tracking global trends, a young professional eyeing market shifts, or simply curious about Asia’s next big move, keep an eye on these 10 regions as they rewrite the rulebook on production factor allocation! 📺✨
Reference(s):
cgtn.com
