Financial Crisis Affects 28 Textile Companies To Xinjiang

"Affected by the financial crisis, some industries in the East are stepping up their efforts to shift to the West."

Up to now, a total of 10549 domestic and foreign enterprises have settled in Xinjiang, among which 500 are the world's top 500 and 25 are well-known foreign enterprises, and 500 are China's top 500 enterprises.

The Xinjiang Uygur Autonomous Region merchants Development Bureau stakeholders told reporters that the rich resources in the central and western regions and the reality of the huge market has become an important driver of investment and pfer in the eastern region, especially labor-intensive industries.

Affected by the financial crisis, the pfer of Eastern industries to the west is obvious. Some industries in the eastern part are stepping up their efforts to shift to the West. Some other industries are looking for cooperation. The economic and technological development zones in Urumqi and other regions will take the initiative to undertake industrial pfer in the Eastern coastal areas.

For this reason, Xinjiang is also making efforts to make preparations for its preparations. According to Yao Jianxin, party secretary and director of the Investment Promotion Bureau of the autonomous region, "in 2009, Xinjiang merchants worked hard to make breakthroughs in industrial pfer, and planned to invest 96 billion yuan in capital, 20% more than last year, and 47 billion 400 million yuan in capital from other provinces."

Yao Jianxin said that this year, Xinjiang should promote and guide textile and garment processing enterprises to shift to the Midwest, and build high-quality cotton yarn, cotton and cotton textile production bases in Xinjiang.

Relying on Xinjiang's rich resources such as cotton, livestock products, forest and fruit, and introducing advanced technology from the East, we will comprehensively promote the rapid development of traditional industries such as processing industry, textiles and building materials in Xinjiang.

According to China Merchants related sources, this year, Xinjiang will also strive to achieve greater breakthroughs in agricultural industrialization, coal electricity and coal chemical industry, nonferrous metals and non-metal processing, and logistics services.

For the mineral resources development industry, Xinjiang will be implemented in accordance with the existing policies of the state.

This year's emphasis is mainly on the support of agricultural industrialization and high and new technology industries.

China Merchants said that increasing the regional economic cooperation between the governments and speeding up the pfer of mainland industries to Xinjiang will be the focus of investment in Xinjiang in the coming period, and the implementation of Zhejiang new industrial park is also the top priority.

The Yangtze River Delta, the Pearl River Delta and the cities around Bohai will also be the focus of Xinjiang's investment this year. In the first half of this year, the regional merchants will organize a group to discuss cooperation between the provinces and cities concerned.

According to statistics, in 2008, 106 key projects were implemented by the Xinjiang Association of Enterprises Association of Commerce and the institutions of Xinjiang (outside), and 8 billion 126 million yuan was introduced in place.

Editor in chief: Xu Qiyun