Large projects are awaiting to take China by surprise this year where the Government has a plan to develop even more certain areas. The astonishing sum that reaches 1,5 trillion $ will be distributed to develop more the industry in the country. Targeted industries such as transportation, information and technology and even manufacturing and construction are about to expand even more. In Shandong located in east China there is a high potential for construction in infrastructure but also renewable energy.
It is obvious that China has started to change the business strategy willing to go more for the quality and less quantity, investing also in high end technology. Chinese people have realised that „Top range” can bring more income for less work. Industries such as Engineering and Technology have already experienced a change and things will go only in the good direction. Guizhou, Henan or Hubei are also among the provinces that will get developed by the end of 2022 targeting the poor population and also environmental aspect.
Wu Xiaohua, who is the head of the Academy of Macroeconomic Research of the National Development Commission said that : “High-quality development will effectively deal with a series of problems brought on by high GDP growth, such as pollution”
China is not just an important manufacturer owning a large market and product diversity, China will soon become a strong competitor for major brands as their only lack they had up to now, seems to slowly disappear.