Business / Economy

Xinjiang economy expands 10 percent

(Xinhua) Updated: 2015-01-28 09:35

URUMQI - The economy of China's Xinjiang Uygur autonomous region grew by 10 percent in 2014, faster than the national average of 7.4 percent, the local statistics bureau said on Tuesday.

The growth rate was "not easy to achieve", said Wang Zhongshan, chief of the statistics bureau, as Xinjiang was under the pressure of oil, steel and cement price fluctuations.

Wang said the regional government had managed to stabilize growth, continue reform measures and adjust administrative structure.

The average disposable income of Xinjiang residents rose 11.5 percent and its fiscal revenue increased 9.9 percent.

The bureau said the autonomous region's economy would still have to deal with insufficient demand and falling industrial profits.

Hot Topics

Editor's Picks