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Learning from the Rust Belt: How to Revive Northeast China

April 17, 2018 By Jeffrey Craig

China’s once-mighty industrial heartland in the Northeast, or Dongbei, has fallen on hard times in recent years. Could the key to its revival lie in the American Rust Belt experience? As happened in the US Rust Belt, firms in Dongbei, almost all state-owned, started to struggle in the 1980s. They have been in decline ever since, leaving local governments with a cluster of problems, including heavy industry pollution and high debt levels, which would be instantly recognizable to policymakers in Gary, Indiana, or Pittsburgh, Pennsylvania. Now that its counterparts in the West have now largely transcended the phase, what can Dongbei learn from the American rust belt’s experience?

Filed Under: All Articles, China, Chinese Economy, Economy, Know China, Manufacturing Tagged With: China's Economic Reforms, Lessons from China, Rust Belt

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