As the energy-rich regions of China, the Midwest is inseparable from the development of energy resources. It is understood that in the next 10 years, the Midwest region will be built into an important national energy base, deep processing base for resources, equipment manufacturing base, and strategic emerging industrial base.
According to sources from the National Energy Administration, starting from the “Twelfth Five-Year Planâ€, China will gradually form five comprehensive energy bases in Shanxi, Ordos Basin, Southwest China, Inner Mongolia, and Xinjiang. It is expected that by 2030, the primary energy sources of the five comprehensive energy bases in the west The supply capacity will account for 85% of the newly added capacity and constitute the basic framework and pattern of China's primary energy.
In response to the impact of the international financial crisis, China has successively approved more than a dozen regional revitalization plans in 2009, among which the plan for the central and western regions occupies a majority. Since 2010, regional plans for Chengyu, Guanzhong-Tianshui, Chongqing Liangjiang New Area, Qaidam, Qinghai, Tibet, and Xinjiang have been approved. According to the National Development and Reform Commission’s Regional Division, regional revitalization plans will continue to be introduced intensively.
The stimulating effect of regional economy on economic growth is very prominent. Judging from the traditional regional division, the economic growth rate in the central and western regions is higher than that in the eastern region, mainly benefiting from the western development in the past 10 years and the regional rejuvenation plan for the rise of central China in the past five years. The planning utility is even more obvious. The emerging regional economies such as Beibu Gulf, Chengdu-Chongqing and Haixi are very strong.
Many domestic construction machinery giants have already smelled the opportunities for the development of the central and western regions, especially the Xinjiang market, and have been favored by many companies. Xugong’s investment in the third production base in China will reach 2 billion yuan, and will soon be settled in Urumqi. The domestic first-line brands such as Sany and Liugong have also coveted the Midwest market for a long time. The construction market of the Midwest is promising.
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