Three Chinese economic zones powering world economy

Beijing (CNS) -- As China blossoms into the world's second largest economy, the three major city clusters of Beijing, Tianjin and Hebei Region, the Yangtze River Delta Region and the Pearl River Delta Region, are qualify as economic zones that have impact on the whole economy of East Asia and are being gradually optimized to become drivers of the world economy.

Encouraging the emergence of key metro clusters has been proposed in the freshly inked 2011 China Regional Development Report prepared by the Institute of Geographic Sciences and Natural Resources Research (IGSNRR) of the Chinese Academy of Sciences.

The core cities of the economic zones include Beijing, Tianjin, Shanghai, Hong Kong, Guangzhou and Shenzhen, and they function as important hubs in the national and international economic systems, wrote Lu Dadao, honorary chairman of IGSNRR, in the report's preface.

It also advised that, as an emerging economy, China needs to establish two to three cities that are competent to function as financial centers of international significance, augmented by a number of sub-prime financial centers that together form a well-organized financial ecosystem.