More private capital needed at urbanization's disposal

China Daily:That means the entire autonomous region is …

Wang Heshan: In full swing… We are confident. We feel there is no reason for us not to do things well as the central government has given us such a good policy. If we can not make good use of it, won't we lose face? So simply speaking, we are all out to make the inland opening-up in Ningxia a success.

China Daily:I heard on the opening day of the Ningxia Delegation to the NPC that Party chief Zhang Yi said Ningxia is really a beautiful place, but a lot of tourism resources can not be shared due to inadequate transportation.

You also said that, as more and more people want to get equal public service and the financial burden for local governments are getting bigger. Both lead to urbanization-related financing issues. You called on private financial institutions to play a role.

Wang Heshan:Finance is very important. Private finance was emphasized in the report to the Eighteenth National Congress of the Communist Party of China. You mentioned finance and some problems during the building of Ningxia inland opening-up pilot economic zone and Yinchuan comprehensive duty-free zone.

I also want to talk about finance. Previously my work duty was fiscal management and I did not know much about the status quo of Ningxia's finance sector. But as the government allocated me to take charge of this part of work this year, within less than one month, I read some materials on Ningxia's finance and realized some problems.

Maybe the same problems exist in all poor regions. Ningxia relies too much on local deposits and loans. The scale of social financing is too small. Some financial products are rarely used in poor regions and it's hard to let them play their roles.

This will perhaps be a bottleneck for "opening-up westwards". There are two priorities in "opening-up westwards".

One is tourism. Why? Tourism is a comprehensive thing.

It's not only about tourists coming to play and enjoy themselves. It will bring in a flow of people. Yesterday I heard someone say that everything can be tourism resource. I think this viewport is right.

For example, if you walk on a street, you see people greet each other warmly, live in harmony and you get services by people with big smiles, you may feel very warm too and feel close to this city or county. This is a kind of resource. Besides, if the street is very clean and the toilets are easy to find, this is also a type of resource. All these resources can be tourism resources.

Also, finance should be the other priority. Why?