Friday, February 02, 2018
No good news for Tianjin's economy showing sign of "northeasternized"
ANBOUND
As Tianjin is lowering its economic growth, which has triggered domestic concerns over the economic problems in the province. Some think that the industrial structure in Tianjin is biased towards the older ones, which causes the newer industries unable to develop well, and that the resources and environment are unsustainable. At the same time, the deep-rooted planned economy concept is regarded as another major bottleneck that plague Tianjin's economic development. It should be pointed out that these problems are also very common in the northeast region. It is no good news that Tianjin's economy shows the sign of being "northeasternized".