Zijin Mining(SH:601899) Jing Ji Ri Bao·2025-07-26 02:21Core Insights - Yanbian Korean Autonomous Prefecture is experiencing significant economic growth, with GDP expected to exceed 100 billion yuan in 2024, ranking third in Jilin Province [1] - The region is focusing on high-quality development, emphasizing the transformation of traditional industries and the rise of strategic emerging industries such as new energy, new materials, and biomedicine [1][2] Economic Development - Yanbian's economy has achieved historic breakthroughs, with substantial improvements in living standards and a marked increase in the quality of life for its diverse population [1] - The region plans to implement 450 projects with investments exceeding 50 million yuan each by 2025, targeting over 34 billion yuan in fixed asset investments [2] Industrial Growth - The development of ten industrial clusters and five new industries is a priority, with a focus on enhancing traditional sectors like food processing and textiles while promoting local specialties such as ginseng and mineral water [2] - The industrial structure is being optimized, with significant advancements in technology and the emergence of new enterprises in sectors like pharmaceuticals and renewable energy [3] Infrastructure and Investment - Major projects, including hydropower stations and airport renovations, are underway, which are expected to inject substantial momentum into the region's development [2][3] - In the first quarter of 2025, Yanbian's GDP reached 244.73 billion yuan, growing by 6.9%, with fixed asset investments increasing by 21.5% year-on-year [4] Tourism and Cultural Development - The G331 tourism corridor is being developed to enhance border tourism, with new cultural landmarks and standardized tourist information systems planned for 2025 [4] - The region saw a significant increase in domestic tourism, with 21.72 million visitors and tourism spending of 34.38 billion yuan in the first five months of the year, reflecting a growth of 69.73% and 44.55% respectively [4] Future Outlook - Yanbian is poised for sustainable growth, with a strong emphasis on unity among its diverse ethnic groups and a commitment to contributing to China's modernization efforts [5]