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Fixed Assets Investment in Western China Increases
The investment in fixed assets in China's 12 western regions reached 17.11 billion yuan in the first half of this year, up 28.8 percent compared with that of the previous corresponding period.
The growth rate also registered more than 10 percent higher than that of other regions, said Li Zibin, deputy director of the office of the Leading Group under the State Council for Development of Western Regions.
"The GDP of the western regions has increased by 8.5 percent, higher than the average national level," Li said, who is also vice minister of the State Development Planning Commission.
The structural adjustment in the west regions has been stepped up, considerable progress has been made in the reform, reorganization and reconstruction of the enterprises, and bigger strides have been made in the opening up to the outside world.
Li said here Wednesday during a press conference that there has appeared a favorable momentum in the development of the West.
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