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Home >> Business
UPDATED: 18:31, October 19, 2005
Xinjiang's hi-tech projects attract investors
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Goldwind, a Xinjiang-based manufacturer of wind turbine generators, has built its production facilities in China's east coastal areas and an R&D center in Germany. Its sales last year logged 250 million yuan compared with 12 million in 2000. It focuses on MW generators now and aspires to export its products to overseas markets next year.

Goldwind is one of the more than 50 hi-tech projects that the Xinjiang delegation brought to the 7th China Hi-Tech Fair in Shenzhen to seek for partners from around and beyond China. Most of the projects, like Goldwind, take full advantage of the local resources, hold intellectual property rights and represent huge market potential.

Hu Kelin, Director of the Science and Technology Department of Xinjiang Uygur Autonomous Region, told People's Daily Online on Oct. 15 that they had signed 18million USD of investment agreement with investors outside Xinjiang within the first two days of the CHTF, showing investors' great interest in hi-tech projects in this inland area in northwest China. "We bring here our best," he said.

He stressed that science and technology was one of the most important engines for Xinjiang on its way to the industrialization. Take the wind power for example again. Goldwind's products have realized localization. He added Xinjiang had more than 10 years of experience in running wind farms. By 2020, wind farm will generate 2 percent of power in China.

Xinjiang is a very important source of China's oil and natural gas supplies. Hu stressed that high added value should be embedded into the resources to give impetus to the local economy. "This needs advanced technologies", he noted.

He told us Xinjiang was also stepping up its cooperation on science and technology with its neighboring central Asian countries which are also endowed with abundant oil and gas resources. In 2000, a joint committee for science and economy was jointly set up by six areas from four countries, that is, China, Russia, Kazakhstan and Mongolia. The purpose is to push forward the scientific cooperation in the Altais area.

In Hu's vision for the future development, Xinjiang will not only become a major energy source for China's growing economy, but also a place where energy supply pools. "We hope it will be a project hub in the area," he said.

By People's Daily Online

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