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China is to create its fifth so-called state-level "New Area" in Lanzhou, the capital of northwestern Gansu province. It will lead to the creation of a environmentally sustainable economy based on energy-saving industries. The State Council is now holding a news conference to explain the proposals.
Lanzhou New Area is the first State-level new area in Northwest China and will become one of the most important areas in the region. According to the State Council, Lanzhou New Area is expected to focus on developing sectors such as advanced equipment manufacturing, strategic emerging industries, petrochemical industries, new energy and materials and modern agriculture. It will cover an area of 806 square kilometers, and have a population of 100,000. The New Area has already attracted 90 investment projects, worth 71 billion yuan or around 7 billion dollars.
China so far has four state-level new areas including Shanghai’s Pudong New Area, Tianjin’s Binhai New Area, Chongqing’s Liangjiang New Area and Zhoushan Islands New Area in Zhejiang Province.