Meaning of YRD | Babel Free

Definitions

Initialism of Yangtze River Delta: a region eastern China, bordering the East China Sea; An area on the east coast of China, containing Shanghai, Nanjing (“Nanking”), Suzhou (“Soochow”), Hangzhou (“Hangchow”).

abbreviation, alt-of, initialism

Examples

“A comparison between the PRD and the YRD shows big similarities, with one city being the clear leader in both cases, although this is not without problems. For Hong Kong serious challenges come from Guangzhou and Shenzhen, while for Shanghai, Hangzhou and Nanjing are competing, but also the famous cities Wuxi and Suzhou in between Nanjing and Shanghai are important competitors. However, Nanjing also wants to be an independent regional capital, while at the same time Nanjing is becoming more and more part of the YRD and faces competition and complementarity with Shanghai and the cities emerging between Nanjing and Shanghai.”

“The total value of foreign trade in the YRD region fell sharply to US$150.4 billion in the first quarter of 2009 from US$251.1 billion in the third quarter of 2008, a drop of 66.9%.”

“Hangzhou is part of the Yangtze River Delta (YRD), an engine of growth during China’s boom years but now the source of a third of non-performing loans in the country.[…] Steel and textile manufacturers in Xiaoshan, like other private firms around the YRD, sought to overcome such obstacles by providing loan guarantees for each other to gain bank credit.”

“Economic transition and upgrading is directly related to the characteristics of national development strategy. Therefore, to promote economic transition and upgrading effectively, to avoid falling into the middle-income trap, and to switch the driving force of development successfully, the Yangtze River Delta (YRD) region must change its development strategy from the “late-developing advantage” one into a “first mover advantage” one.[…]Under the condition of insufficient investment, high administrative barriers, and inadequate globalization of service industry, the YRD region should pay as much attention to the development of the service industry as it did in the industrialization before to take lead in changing the development mode of service industry.”

“Governments in the Yangtze River Delta (YRD) have promised to give market forces free rein in building infrastructure and creating unified public service platforms as the mainland’s most affluent region seeks to develop in synergy under Beijing’s directions. Authorities in Shanghai and the provinces of Jiangsu, Zhejiang and Anhui – which together make up the YRD area – are inviting construction companies, institutional investors, research institutes and consultancies to play a dominant role in developing the so-called demonstration zone, essentially a pilot zone that forms a key part of the YRD integration initiative.”

CEFR level