Xi Jinping’s bold plan for China’s next phase of innovation
If it works, the strategy will redraw the country’s economic map
THINGS ARE looking bright for Zhuzhou. The city of 4m people in landlocked Hunan province has often caught the runoff of industrial business from the more populous provincial capital, Changsha, to its north. In the 1990s it became a regional hub for chemicals and metals production. But that caused horrible environmental destruction; more than 1,000 polluters were eventually shut down, with dire economic consequences. Zhuzhou’s inland economy has remained behind that of coastal cities. Over the past decade its moderate growth has been typical of the mid-tier cities that dot China’s interior.
This article appeared in the Finance & economics section of the print edition under the headline “Xi’s incubator state”
Finance & economics April 16th 2022
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