UETD history and its leapfrog development

( chinadaily.com.cn )

Updated: 2011-08-25

UETD history

The Urumqi Economic and Technological Development Zone (Toutunhe District), or UETD, was founded in 1992 based on the policy and decision of China's central government, the State Council, the Xinjiang Uygur autonomous region and the Urumqi Municipal Government. In 1994, the zone was listed as one of the national economic development zones by the State Council. A national export processing zone (EPZ) was approved by the State Council to be established in the development zone. The Xinjiang Uygur Municipal CPC Committee and the Urumqi Municipal Government decided to make Toutunhe district of Urumqi an economic development zone in January, 2011.

Established in 1961, Toutunhe is an important industrial district of Urumqi. The 480-square kilometer district is located in the northwest part of Urumqi. It features the Nanshan Mountain Pasture area of 100 square kilometers. Over 270,000 people live in the economic development zone, including 206,000 permanent residents.

The Toutunhe district government now consists of 36 administrative departments and 92 public institutions. Administrative staff members come from backgrounds wide and varying, seven have doctorates certificates, 117 have master degrees and 1,658 have bachelor degrees.

UETD's leapfrog development

The Urumqi Economic and Technological Development Zone entered an era of rapid economic development in 2011. In the first half of this year, the total regional GDP achieved 11.42 billion yuan ($1.79 billion), a year-on-year increase of 27.1 percent. Other development indexes include an industrial total output value of 37.32 billion yuan ($5.84 billion) and an import trade volume worth $1,000 million. The economic zone introduced 21 investment projects, including 17 with an investment worth more than 100 million yuan ($15.65 million). The total investments of these projects amounted to 12.42 billion yuan ($1.94 billion), an increase of 21.6 percent from the same period in 2010.

In the same period, about 3,600 companies and enterprises registered in the district, including 588 national major companies, 40 foreign companies and 15 World's Top 500 companies.

The UETD is now one of the most populous investment destinations with the highest return rate in West China for investors at home and abroad.