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Xinjiang Becomes Attractive Investment Spot
In the wake of China's nationwide strategy to invigorate west China, Xinjiang Uygur Autonomous Region has become an attractive investment spot.
More than 50 large enterprises in various parts of China have come to Xinjiang, a region accounting for one sixth of the country's total area, and signed contracts worth 12 billion yuan so far this year, said Hu Liangcai, deputy head of the regional economic coordination office.
Enterprises from Guangdong Province, known as china's economic powerhouse, have signed 120 contracts in Xinjiang. Enterprises from south China's Hunan Province have brought 100 high-tech projects and 2,000 high-grade and new products to seek cooperation partners in Xinjiang.
Zhejiang Province in has become Xinjiang's largest investor in east China with investment topping 6.3 billion yuan.
Zong Qinghou, chairman of the board of directors of the Wahaha Group in Hangzhou, said that his group has full confidence in western China, adding that Xinjiang is superior to other regions in natural resources and border trade.
Abdul'ahat Abdurixit, chairman of the Xinjiang Uygur Autonomous Region, said only through extensive cooperation with other Chinese provinces, can Xinjiang explore markets in central and western Asia and promote common development.
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