Northeast China, covering Heilongjiang, Jilin, Liaoning provinces and the eastern part of Inner Mongolia Autonomous Region, was once dubbed the "cradle" of China’s industry.
Zhang Guobao, Vice Minister of the National Development and Reform Commission, said, at an October 20 conference, that in 2004, northeast China’s total state-owned assets accounted for 14.9% of the country’s total, much higher than its share in the national GDP. Private economy in the northeast remained considerably weak.
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