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Entry Strategy for Main Industries into Northeast China: Liaoning Province, Jilin Province, Heilongjiang Province

Author Munhyung Lee et al. Date 2016.02.01 Page 45
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China’s three northeastern provinces hold the key to Korea’s past, present, and future. The three northeastern provinces are where China’s “One Belt, One Road” initiative dovetails with Korea’s Eurasia Initiative. Given the geopolitical significance of the region bordering Russia, Mongolia, and the Korean Peninsula, in 2015 the Chinese government designated the three northeastern provinces as key focal points for the implementation of its “One Belt, One Road” strategy.
China’s three northeastern provinces are a strategic stronghold and starting point for Korea’s Eurasia Initiative. On the occasion of Chinese Premier Li Keqiang’s official visit to Korea at the end of October 2015, Korea and China concluded an MOU resolving to expand cooperation on regional development initiatives?namely, Korea’s Eurasia Initiative and China’s “One Belt One Road” initiative?and agreed to coordinate their national strategies. There is a growing need for research concerning the three northeastern provinces, especially on such topics as industry, markets, and logistics. Furthermore, the scope of those research areas is expanding.