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Policy incentives to aid growth rate in Xinjiang

Four of the top financial regulators in China have jointly pledged to implement a number of favorable policies to support the economic development of the southern part of Xinjiang Uygur autonomous region. The regulators, including the People's Bank of China, the central bank, and inspectors of the banking, security and insurance sectors, will grant the region "differentiated" credit and fund raising policies to boost the local economy in the northwestern part of China. The country will also push cross-border renminbi settlement and anti-terror funding programs tailored for the region.