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Chemical industry accelerates the "fourth growth pole"

The "Northeast Revitalization Plan," officially approved by the State Council, was announced on August 20. This regional development strategy, the first of its kind to be formally endorsed by the Chinese government, was organized by the National Development and Reform Commission and the Northeast Revitalization Office. The plan aims to transform the Northeast into a key economic growth area with high-level comprehensive development, enhancing its role in China's overall economic landscape. In recent years, Premier Wen Jiabao emphasized the importance of revitalizing the old industrial bases in the Northeast, frequently visiting the region and highlighting that "the revitalization of the Northeast and the development of the western regions are two wheels driving east-west interaction." The current administration has placed significant emphasis on the Northeast’s transformation. With the implementation of the national revitalization policy, the concept of the "fourth growth pole" of China's inland economy—following the Pearl River Delta, Yangtze River Delta, and Beijing-Tianjin-Tangshan regions—has gained widespread recognition. Over the next five to ten years, the Northeast is expected to lay the foundation for new development and achieve comprehensive revitalization. The newly issued "Planning" highlights the chemical industry as a central focus of the revitalization. It outlines a path toward new industrialization, emphasizing market orientation, enterprise-driven innovation, and technological advancement. The optimization of the chemical industry structure and the establishment of a modern industrial base are seen as critical steps in this process. The plan also calls for the development of an advanced equipment manufacturing base, leveraging informatization, intelligence, and integration to build international competitiveness in heavy machinery and large-scale equipment. Projects such as the construction of 10 million tons of oil refining equipment, 1 million tons of ethylene and polyethylene production lines, and large coal-chemical equipment will be prioritized. Energy development is another key focus. The plan advocates for energy conservation, environmental protection, and diversified energy sources. It emphasizes the orderly development of coal resources, the expansion of natural gas production, and the exploration of oil shale and offshore oil fields. Infrastructure projects like coal-to-electricity bases, crude oil pipelines from Russia, and natural gas networks are part of the broader vision for energy security. The promotion of basic raw material industries includes the construction of new petrochemical bases and the development of coal chemical industries. These efforts aim to create world-class production facilities and support long-term economic growth. Sustainable development is increasingly seen as a core objective. The plan addresses the challenges of resource-based cities, promoting economic diversification and the development of alternative industries. Cities like Daqing and Panjin are highlighted as examples of how to transition from resource reliance to more sustainable models. Regional coordination is also emphasized, with the goal of forming a "three vertical and five horizontal" spatial pattern. The inclusion of areas in Inner Mongolia under the revitalization plan further strengthens the region’s strategic position. International cooperation, particularly with Russia’s Far East, is recognized as vital. Energy collaboration between the Northeast and the Russian Far East is seen as a key component of future development. Finally, the plan underscores the importance of energy conservation, pollution control, and the development of a circular economy. Efforts to improve water quality, reduce industrial emissions, and promote waste recycling are integral to ensuring a sustainable and environmentally responsible revitalization.

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