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

Investment in Xinjiang up 19.6 pct in 2017

January 30, 2018


Abstract : Northwest China's Xinjiang Uygur Autonomous Region attracted more than 538 billion yuan (85 billion U.S. dollars) in investment last year, up 19.6 percent year on year, local authorities said Monday.

新疆

URUMQI, Jan. 29 (Xinhua) -- Northwest China's Xinjiang Uygur Autonomous Region attracted more than 538 billion yuan (85 billion U.S. dollars) in investment last year, up 19.6 percent year on year, local authorities said Monday.

The 538 billion yuan excluded foreign and oil investment, according to the investment promotion bureau in the region.

Much of the investment came from 19 provincial-level regions, which injected a total of 344 billion yuan in more than 2,650 projects in 2017, an increase of 23 percent from a year ago. The investment has greatly driven the development of labor-intensive industries such as textiles, electronics, agricultural products as well as tourism and cultural services in Xinjiang.

Xinjiang has also published a series of preferential policies to attract private investment, which registered a yearly growth of 17 percent last year.

Local authorities said this year Xinjiang will concentrate on attracting capital in the financial sector to encourage more banks, securities and insurance companies to invest in the region.

Scan the QR code and push it to your mobile phone

Keyword: Investment Xinjiang-economy

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