The gross regional product of Lanzhou New Area is expected to reach 40 billion yuan by 2020, with an annual growth rate of 20 percent, according to the new area’s 13th five-year plan released on February 2.

The plan noted that the new area ensures the presence of a well-off society in an all round way by 2018. The new area plans to step up petroleum, equipment manufacturing, new material, bio-medicine, agricultural products processing, electronic information and other industrial clusters in the next five years.

A modern service system will be formed centering on IT, finance, science and technology, trade, logistics, tourism, culture, e-commerce base and others by 2020. The modern agricultural base featuring rose processing, vegetable production and so on will also taken shape then.

A comprehensive transport system containing railway and aviation ports will be formed during the next five years with the tramcar system put into operation. An additional 50,000 job opportunities are expected to be created during the same period.

The new area will also enhance international cooperation and build up industrial parks with Malaysia and South Korea. Cultural exchanges will also be promoted such as launching cooperative cultural projects with Russia.

The plan also said that the new area will actively participate in the construction of “Belt and Road” Initiative and explore the market in Middle-west Asia and Middle-east Europe.

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