Massive Industrial Restructuring in Northwest ChinaNorthwest China will gradually discontinue the industries of sugar refining, coal mining, textiles, and iron and steel, and focus on energy instead.Long-term money-losing enterprises will be closed, according to the guiding principles for the industrial restructuring of northwest China during the 10th Five-Year Plan period (2001-2005), issued recently by the State Economic and Trade Commission. Northwest China includes Xinjiang Uygur and Ningxia Hui autonomous regions, as well as Shaanxi, Gansu and Qinghai provinces. The region should intensify efforts to develop wind and solar energy, natural gas and petroleum, chemicals, nonferrous industries and gold mining. The Qaidam Basin in Qinghai will be developed into the most important base for potash fertilizers in the process. In addition, the region will upgrade traditional industries, including machinery, light textiles, medicines, and building materials, and meanwhile develop the hi-tech industry. |
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