Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

Xinjiang to spur growth via heavy infrastructure investment

January 20, 2017


Abstract : Northwest China's Xinjiang Uygur Autonomous Region plans to spend over 1.5 trillion yuan (218 billion U.S. dollars) on infrastructure this year, according to the provincial government work report issued earlier this week.

URUMQI, Jan. 20 (Xinhua) -- Northwest China's Xinjiang Uygur Autonomous Region plans to spend over 1.5 trillion yuan (218 billion U.S. dollars) on infrastructure this year, according to the provincial government work report issued earlier this week.

Xinjiang invested 998.4 billion yuan and concluded construction of 62 major rail, expressway and energy projects last year, local authorities said.

This year, the government plans to make 50 percent more investment to further boost regional economic growth.

Covering an area of 1.6 million square kilometers, or about one-sixth of China's land area, Xinjiang is huge and infrastructure is still far from enough to support its development.

Under the plan, the autonomous region will spend heavily on transport. This includes more than 200 billion yuan on new roads, 34.7 billion on the rail network and 14.4 billion to upgrade the airport in the capital Urumqi.

The region also plans to invest over 227 billion yuan in projects including water diversion, power transmission and cloud computing.

Upgrading infrastructure in Xinjiang is important for tackling overcapacity, deepening supply-side reform and supporting China's "Belt and Road" initiative, according to the work report.

Scan the QR code and push it to your mobile phone

Keyword: infrastructure xinjiang

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial