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 | Saturday, April 29, 2000, updated at 14:38(GMT+8) | ||||||||||||
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Exporters from West China Encouraged by Export RiseExporters from the western China region at the 87th China Commodity Exports Fair, which has just concluded in this capital of south China's Guangdong Province, are encouraged by an increase of export transactions. Although total exports volume cannot compare to their counterparts in China's east, higher growth margins were recorded, indicating a great market potential.The Xinjiang Uygur Autonomous Region, for example, clinched US$ 148. 9 million worth of exports contracts at the biannual event, an increase of 12.9 percent from the previous spring session. Sichuan Province saw its exports volume increase by 75 percent, Gansu 73 percent and Chongqing 63 percent at the country's largest export fair. The Inner Mongolia Autonomous Region even had a jump of 374 percent in exports. A trade delegate from the Ningxia Hui Autonomous Region told Xinhua that Ningxia's exports picked up by 24 percent to US$ 340 million last year, much higher than the country's averaged eight percent export growth. Yang Zhongfeng, a trade official from Xinjiang, said that the autonomous region covers a sixth of China's land area. However, only a small amount of the rich local resources has been developed, hampered by outdated infrastructure and outdated industrial structure. One of the major problems facing exporters in the western regions is how to turn cheap raw materials into high value-added export products. The Chinese government's strategy to develop the western regions on a large scale is to help upgrade the transport and information infrastructure in these areas. This will no doubt give a major impetus to rapid export growth in the west.
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