Northwest China's Xinjiang Uygur Autonomous Region has achieved significant economic growth across key indicators since last year. According to Erkin Tuniyaz, chairman of the regional government, Xinjiang's GDP, investment, consumption, import and export, fiscal revenue, and resident income levels are all among the top five nationwide.
During a press briefing in Beijing, Tuniyaz emphasized that \"2023 marked the best year in terms of the quality and efficiency of economic and social development in Xinjiang in recent years.\" This success is attributed to Xinjiang's commitment to expanding high-level domestic and international opening up, positioning itself as a crucial corridor linking Asia and Europe and a gateway for China's western opening efforts.
Over the past two years, Xinjiang has seen its total import and export volumes surge by 57 percent and 45.9 percent, respectively. The region is also actively constructing a modern industrial system, leveraging its rich resources and industrial foundation to accelerate the development of major industrial clusters. These include oil and gas, coal and coal-fired power generation, the coal chemical industry, green mining, and strategic emerging industries.
The integrated development of primary, secondary, and tertiary industries is steadily improving, according to regional officials. Xinjiang plays a strategic role as a base for China's energy and resource security and serves as a crucial supply base for high-quality agricultural and pastoral products used nationwide.
Looking ahead, the first quarter of 2024 has shown promising signs with Xinjiang's GDP growing by 5.6 percent year-on-year, the value-added industrial output of enterprises above the designated size increasing by 8 percent, and foreign trade volume expanding by 42.7 percent. These indicators have exceeded expectations, signaling a strong start to the year.
Reference(s):
cgtn.com
