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Source: Index >> Xinjiang_Today >> Xinjiang Production and Construction Corps

XPCC vigorously attracts foreign funds
(Tianshannet) Updated: 2008-May-5 18:57:01

XPCC set a record high for economic benefits

By the end of this year, the growth rate of the GDP of the Xinjiang Production and Construction Corps is expected to reach 12.7%. Its economic efficiency will also reach a record high. The annual wage of Corps workers is expected to come to a record high of 11,780 yuan per capita – an increase of 9.3%. “This is attributed to the open-door policy of the Corps,” Corps Commander Zhang Qingli pointed out.

The party committee of the XPCC has attached great importance to attracting foreign investment. A few years ago, the Shihezi Economic and Technological Development Zone was still a desert. Now, a number of well-known companies have set up offices here, of which more than 30 are foreign-invested enterprises. In the past two years, the Shihezi Economic and Technological Development Zone has attracted more than 2 billion yuan of foreign investment.

In the first 11 months of this year, fixed asset investment for the whole Corps exceeded 10 billion yuan, an increase of 13%. The growth of fixed assets also rapidly improved the Corps’ infrastructure; thereby stimulating rapid economic growth.

(SOURCES:Peopledaily)Editor: zhaoqian
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