Xinjiang attracts nearly 13 billion yuan of external investments in Q1

16:24, April 26, 2010      

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External investments have played a crucial role in spurring economic growth in Xinjiang Uighur Autonomous Region. Xinjiang attracted nearly 13 billion yuan of external investments in the first quarter of 2010, up nearly 46 percent from last year, marking the highest quarterly growth rate of paid-in investments since the global financial crisis.

In the first quarter, nearly 72 percent of the fixed-asset investments came from outside Xinjiang, according to the local investment-promotion bureau. Urumqi, Changji Hui Autonomous Prefecture, Hami Prefecture, and Bayingolin Mongol Autonomous Prefecture took the lead in attracting investments, with the paid-in investments in these four regions accounting for 60 percent of the total.

Xinjiang maintained a good momentum of economic recovery in the first quarter. Its total output value rose 11 percent, up almost 5 percentage points compared to the same period of 2009.

By People's Daily Online


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