The Development and Opening of Pudong Shanghai: An Economic Cooperation of North Asian Countries

Abstract

In the 1980's, China put the stress on South China's cooperative area, especially on the Zhujiang River Delta in its opening to the outside world, thus forming an economic cooperative area with Hong Kong-Shenzhen-Guangzhou as its axis and bringing along the rapid development of the outward economy of Guangdong and some other provinces. In the 1990's, China has entered the new stage of omnibearing opening and accelerating the realization of socialist market economy system. China must establish and form, on the mainland, new international centers of economy, finance and trade, as the locomitive for China to extend its economic opening to the world in the 1990's and even in the 21st century, while valueing Hongkong's significance as the bridge and bond of China and abroad, As a result, the Central Committee of the Chinese Communist Party and the State Council of China made a strategic decision of special of a significance in 1990 : " Make the development of opening of Pudong Shanhai as the locomotive, and let Pudong take the lead of a new economic leap in the district of Changjiang River Delta and the whole Changjiang River Valley. Construct Shanhai an international center of economy, finance and trade as soon as possible". Thus China's opening has been made possible to form a whole strategic situation with two wings in the north and the south respectively, and a break through in the middle, so as to realize the new omnibearing opening pattern.