A senior official form the National Development and Reform Commission (NDRC) warned less developed central and western parts of China are likely to suffer more than coastal regions in the unfolding global economic slowdown in the long term. Du Ying, NDRC’s vice-president said those regions are more vulnerable to global financial woes because of their immature industrial structures, sharply declining resource prices and a weaker capacity to deal with risks and social conflict.

Du made these remarks at a recent national Read more…

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China, economy, global, hinterland, region, slowdown