Xinjiang to boost local businesses, 200 companies to receive stimulus

BEIJING - The Xinjiang Uygur autonomous region will provide policy support for strong and fast-growing enterprises in a program to boost the region's economic development and border trade.

One hundred industry-leading companies and another 100 with a strong business growth rate were selected for a program in late July entitling them to beneficial policies. Enterprises from electrical, construction, logistics, finance and manufacturing fields were chosen from more than 60,000 companies in the autonomous region.

Kurax Mahsut, vice-chairman of the autonomous region, said the local government will offer the 200 companies support in obtaining credit and a streamlined regulatory process in getting listed, as well as preferential policies in obtaining undeveloped land to build industrial parks.