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Golden Delta

2008-11-14HUYUE

Beijing Review 2008年45期

HU YUE

The sprawling U.S. financial melt-down has sent a chill through someof China's export-oriented regionsas they have shown symptoms ofthe American ailment in the form of declin-ing exports. But you would not know it fromwatching the country's Yangtze River Delta,one of the growth engines of China's robusteconomy. Despite some nervousness aboutits slackening export machine, the delta hasavoided following the Western world into aneconomic abyss. Instead, it is drawing somestrength from a well-designed blueprint fordeveloping a tertiary, or services, industry.