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Xinjiang accelerates fixed-asset investment in 2020

January 28, 2021


Abstract : Northwest China's Xinjiang Uygur Autonomous Region saw booming fixed-asset investment (FAI) growth in 2020 as the region picked up pace in development, official data showed Wednesday.

URUMQI, Jan. 27 (Xinhua) -- Northwest China's Xinjiang Uygur Autonomous Region saw booming fixed-asset investment (FAI) growth in 2020 as the region picked up pace in development, official data showed Wednesday.

The region's FAI expanded 16.2 percent year on year in 2020, 13.7 percentage points faster than 2019, according to the data.

The number of new projects that have begun construction soared more than 40 percent year on year in 2020.

Investment in the primary sector last year more than doubled the amount in 2019, reaching the highest level in a decade.

Infrastructure investment maintained a fast year-on-year growth of 28 percent in 2020, while investment in public health and social work rose by 130 percent over the previous year, official data showed. Enditem

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Keyword: Xinjiang fixed-asset investment

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