As economic growth mode changes Xinjiang's economy is demonstrating a trend of rapid growth. Total output value last year reached 220.3 billion yuan in the region increasing by 11.4 percent year on year. Meanwhile per capital output value reached 11,100 yuan in Xinjiang and for the first time in history topped the level of ten thousand yuan.

Before, Xinjiang relied largely on selling raw materials to inland regions. Since last year Xinjiang has gone in full swing to change economic growth mode. It is resolved to turn resources into profits and resource advantage into economic one. Extending industrial chain is the "finishing touch" in Xinjiang's effort to turn resources into profits. Through fostering a group of resource-oriented innovative & high-tech industries with high starting technological level and strong product competitiveness Xinjiang's industrial level has been effectively raised.

Last year added value of resource-oriented enterprises such as petroleum companies accounted for about 60 percent of Xinjiang's industrial added value. Resource-oriented enterprises increased profits drastically and drove the rapid development of region-wide economy. Residents' disposable income in the region reached 7,600 yuan last year increasing by 6.5 percent. Per capita net income of farmers and herdsmen reached 2.269 yuan increasing by 7.7 percent.

By People's Daily Online