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China's future powerhouses
(China Daily)
Updated: 2010-03-22 10:02
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Regions set to be new driving force for the national economy
Xinjiang Uygur autonomous region
Xinjiang literally means "New Frontier", and it is promising to be a new economic frontier in China's northwestern areas. Xinjiang Uygur autonomous region has abundant oil reserves and it is the largest natural gas-producing region in China. An economic development plan for Xinjiang is expected to come out soon. It will emphasize use of Xinjiang's advantageous resources, including petrochemicals, coal, non-ferrous metals and agriculture. The investment is likely to rise steadily over the next three years, driven by increased financial support from central government and neighboring provinces, and large-scale investment for key projects from State-owned companies. The rising tourism industry will also be a contributor to Xinjiang's economic growth.
