Xinjiang to allocate RMB 3.6 trillion for fixed asset investment in 2011-15

Monday, 14 March 2011 13:36:08 (GMT+3)   |  
China's Xinjiang Uyghur Autonomous Region has announced that it plans to allocate RMB 3.6 trillion ($548 billion) for fixed asset investments in the region in the next five years (2011-15), nearly three times the total fixed asset investment during the previous five-year period. 40 percent of the investment total will be used in the region's manufacturing and energy sectors.
 
In 2011-15, the authorities in Xinjiang Uyghur Autonomous Region are aiming to push forward industrialization in sectors including coal, oil and gas, mining, textiles, steel, chemicals and farm products. In addition, by 2015, the total length of railway lines in the region is expected to reach 8,200 kilometers, with the total length of highways to exceed 4,000 kilometers.

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