Xinjiang to see double-digit GDP growth this year (Xinhua) Updated: 2005-12-26 15:00
Northwest China's Xinjiang Uygur Autonomous Region is expected to chalk up a
10.5 percent annual growth in gross domestic product (GDP), to hit 261 billion
yuan (32 billion U.S. dollars) in 2005, a senior official of the region said
Friday.
"The value-added output of the region's industrial sector amounted to 83.5
billion yuan (1.03 billion U.S. dollars) in the first 11 months of the year, a
17.5 percent increase year-on-year, "said Wang Yongming, head of the Xinjiang
Economic and Trade Commission.
A steady investment growth and robust consumer goods market contributed
significantly to the region's industrial production, Wang said. He forecast that
Xinjiang's value-added industrial output will exceed 100 billion yuan (12
billion U.S. dollars) for the whole year.
Since China began to carry out the strategy to develop its western regions in
2000, Xinjiang has seen a steady and fast economic growth.
The region plans to realize 117 billion yuan (14 billion U.S. dollars)in
value-added industrial output in 2006, up 17 percent over the year-earlier
level.
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