And that is what is happening at the Changchun Economic & Technological Development Zone (CETDZ). It is recovering from the international financial world crisis — what will it be called by historians? The Greedy Wall Street cock-up? — which caused Changchung to experience a temporary slump.
Now, the local economy has gradually rebounded and stabilized.
And the manufacturing industry has grown steadily. For example, in the first half of 2009, the auto parts industry realized an output value of RMB16.5 billion, accounting for 45% of the total industrial output value.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved