China Invests More in Western China DevelopmentChina is to allocate 300 billion yuan this year for building 10 key projects in the western part of China.The projects include the Qinghai-Tibet Railway, the gas pipeline from the Tarim Basin oilfield in northwest China's Xinjiang Uygur Autonomous Region to the Yangtze River Delta in east China, the Hydro-electric Power Station at Longtan in the Guangxi Zhuang Autonomous Region, water-control projects in Guangxi, Inner Mongolia, Xinjiang and Yunnan Province, comprehensive treatment of Tarim River in Xinjiang, and a cross- country railway line in Yunnan Province. Since the Chinese government shifted the emphasis of economic development to western China, the country earmarked a total of 113 million yuan worth of treasury bonds for infrastructure projects and eco-environment improvement last year. Some 40 percent of the projects have been completed. |
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