NW. China Xinjiang sees fast growing FAI with 2,269 projects launched in Jan-May

The fixed asset investment in Northwest China's Xinjiang Uygur Autonomous Region surged 24.1 percent year on year in the first five months of 2020, pacing up 14.5 percentage points from a year earlier, according to Xinjiang Uygur Autonomous Region Development and Reform Commission.

The fast growing fixed asset invesmtent in Xinjiang was mainly attributed to the 2,269 news projects launched in the first five months, 772 projects more than those the same period last year.

Fixed asset investment in the new projects hiked 51.1 percent year on year, contributing 13.3 percentage points to the growth rate of total fixed-asset investment in Xinjiang. 

Since the beginning of the year, Xinjiang has firmly optimized the working mechanism for the coordination, start-up, and examination and approval of project construction, setting up particular loans for project building to promote local fixed asset investment.

While quickening the construction of new projects, Xinjiang is also committed to stepping up forward for the commencement of local reserve projects.