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November 9, 2014

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Urumqi to be Silk Road hub

Authorities will try to make northwest China’s Xinjiang Uygur Autonomous Region the financial hub for the Silk Road economic belt by speeding up infrastructure construction.

Guo Hongchuan, deputy director with Xinjiang’s regional office of finance, said the local government supports the building of a financial network in the region, with Urumqi, the regional capital, as the pivot.

“We plan to speed up construction of the financial districts in Urumqi to boost economic growth,” he said.


 

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