Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
URUMQI, Sept. 30 (Xinhua) — Since the implementation of the 14th Five-Year Plan (2021-2025), northwest China's Xinjiang Uygur Autonomous Region has been actively promoting investment, aiming to build distinctive advantageous industrial clusters. The region's actual investment from other regions and abroad increased from 542.993 billion yuan (about 76.42 billion U.S. dollars) in 2021 to 935.526 billion yuan in 2024, an average annual growth rate of 19.98 percent, injecting new impetus into local economic development.
According to the Xinjiang Regional Commerce Department, in recent years, Xinjiang authorities have implemented policies and measures to promote high-quality investment promotion and made every effort to build an "Invest in Xinjiang" brand, relying on five unique advantages such as policies and resources to attract domestic and foreign enterprises to invest in the region.
In recent years, Xinjiang has made significant progress in building the "Invest in Xinjiang" brand and promoting trade facilitation. Local authorities continued to implement investment promotion and industry connectivity initiatives at home and abroad, supporting enterprises in participating in major exhibitions such as the China-Eurasia Expo, and facilitating the implementation of more industrial and supply chain projects. Focusing on analyzing and identifying specific and advantageous manufacturing industries, Xinjiang authorities compiled a reserve project bank of over 1,500 projects and selected 146 key projects for effective investment promotion.
“In the future, we will refine investment promotion measures, focus on high-quality projects, and pool investment efforts to create a favorable development architecture that combines project attraction, environmental development, and growth promotion,” said Zhu Hexiang, a member of the Xinjiang Uygur Autonomous Region’s Commerce Administration. -0-
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