www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Economy

Foreign capital flows into Xinjiang

(Xinhua) Updated: 2012-12-21 15:42

URUMQI - European and US businesses led the inflow in 2012 of foreign capital into northwest China's Xinjiang, eyeing its abundant resources and proximity to central Asia, industry observers say.

Shanghai Volkswagen, German carmaker Volkswagen AG's joint venture in China, in December set up an auto workshop in Urumqi, capital of Xinjiang Uygur autonomous region, marking a step toward its plant there becoming operational next year with an annual output of 50,000 vehicles.

Hu Maoyuan, chairman of SAIC Motor Corp and Shanghai Volkswagen, said the company wants to explore the booming western China and central Asia markets.

Foreign direct investment (FDI) in Xinjiang reached $396 million in the first 11 months of this year, up 30.8 percent from a year earlier, according to the regional government's commerce bureau.

Overall, November saw FDI into China fall for the 10th time in 11 months, as labor costs rose and an economic slowdown dragged growth down for seven quarters in a row.

In the first 11 months of 2012, China attracted $100.02 billion in FDI, down 3.6 percent year on year, according to the Ministry of Commerce.

China has been encouraging investment in its relatively poor western region by offering favorable policies over the years.

The west's rate of economic development has been higher than that of the east for five consecutive years, according to Du Ying, a deputy head of the National Development and Reform Commission, the government's top economic planner.

"Xinjiang is striving to lay a good foundation for cooperation with the world's leading companies to advance businesses," said He Yiming, head of Xinjiang's commerce bureau. It provides an easy access to markets in the Eurasian heartland, with Russia, India, Pakistan, Mongolia and four other central Asian countries on a borderline extending 5,600 km.

With 17 State-level open ports, two international airports and extensive roads and railways linking with its neighbors to the west, the region has become the bridgehead in the country's fresh westward opening-up drive, He said.

"By setting up branches and factories nearer to consumer markets, foreign enterprises will save on transportation and labor costs, and master consumer psychology," said Meng Yongsheng, deputy dean of economics at the University of Finance and Economics in Xinjiang.

Covering about one-sixth of China's land mass, the remote and formerly backward border region of Xinjiang holds abundant resources such as oil, coal and natural gas. Pipelines transporting gas from central Asia enter China through Xinjiang.

Executives of global mining giant Rio Tinto visited Xinjiang in July to look for opportunities for cooperation. United States-based Peabody Energy is involved in the geological inspection of one of the region's largest integrated coalfields in order to advance an open-pit coal mine project that is expected to produce 50 million tonnes of coal every year.

He Yiming said the influx of foreign capital proves Xinjiang has finally built a competitive industrial base, improved government services, and established a much more convenient transportation network.

The foreign-invested projects will in turn accelerate the area's opening up, and upgrades in its industrial structure, the official added.

He said government support and favorable policies also ease foreign companies' settling. The region has added four state-level economic and technical development zones to its original 15 and a border economic cooperation zone.

The two special zones of Kashgar and Korgas set up at the end of 2011 provide favorable policies ranging from tax exemptions, subsidized electricity and transportation, to low-interest loans for infrastructure.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久9青青cao精品视频在线 | 亚洲rct中文字幕在线 | 亚洲狠狠综合久久 | 欧美高清在线精品一区 | 免费看真人a一级毛片 | 亚洲男女在线 | 亚洲国产精品自在现线让你爽 | 91久久精品国产亚洲 | 亚洲va老文色欧美黄大片人人 | 精品韩国主播福利视频在线观看一 | 欧美.亚洲.日本一区二区三区 | 欧美三级成版人版在线观看 | 欧美牲 | 蘑菇午夜三级 | 欧美成在人线a免费 | 国产精品久久久久久久y | 韩国good三级在线观看久 | 国产网站免费视频 | 成人高清视频在线观看 | 国产99视频精品免费视频免里 | 亚洲国产精品线播放 | 欧美成人h版在线观看 | 超级碰碰碰视频视频在线视频 | 韩国毛片基地 | 国产成人免费在线 | 午夜成年 | 久久精品a亚洲国产v高清不卡 | 一级做a爰片久久毛片鸭王 一级做a爰全过程免费视频毛片 | 亚洲精品一区二区四季 | 亚洲精品久久久久影院 | 欧美一区二区三区在线 | 日韩天天摸天天澡天天爽视频 | 欧美精品区 | 青青青免费手机版视频在线观看 | 国产精品久久久久久久福利院 | 欧美久 | 免费一级片视频 | 波多野结衣视频在线 | 亚洲影院手机版777点击进入影院 | 国产欧美视频在线观看 | 国产欧美日韩一区 |