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China on Western Development

The Political Bureau of the CCP’s Central Committee held a meeting on May 28 to study further implementing the Western Development strategy and policy measures. Hu Jintao presided over the meeting. The meeting concluded that the development and stability of the western region of China is critical to different ethnic groups in China and the long-term stability of the country. The meeting stressed that due to its significant strategic position, the western region should receive special policy support from the central government. The policy measures should cover fiscal measures, tax, investment, financial industry, production industry, land, pricing, human resources, ecological construction, and government subsidies.

Source: Xinhua, May 28, 2010