Xinjiang wins massive state support
Source: Xinhua/Shanghai Daily |
May 21, 2010, Friday
|
Print Edition
Print Edition
China will mount a vast investment drive in its far-west Xinjiang Uygur Autonomous Region, revamping taxes on energy operations in a bid to achieve leapfrog development and lasting stability.
The package of tax reforms, government investment targets and investment incentives for Xinjiang emerged from a conference attended by President Hu Jintao and other senior leaders of the nation.
The central work conference on Xinjiang's development that concluded on Wednesday approved measures that Hu said would help ensure Xinjiang became a prosperous part of China.
Hu told the three-day meeting that Xinjiang should undergo a spurt in development so that its average economic output per resident reached the national average by 2015.
Residents' income and access to basic public service should reach the average level of the country's western regions, Hu said.
"We must engage in vigorous economic development, accelerate the pace of development," he said.
Marked improvement must be achieved in Xinjiang's infrastructure, self-development capacity, ethnic unity and social stability within five years, he told the conference.
Xinjiang should fulfill the goal of achieving a moderately prosperous society in all aspects by 2020 by promoting coordinated regional development. It should also improve people's living standards and build an eco-friendly environment, as well as ensure ethnic unity, social stability and security, he said.
Xinjiang's economy grew by 8 percent in 2009, compared to national GDP growth of 8.7 percent.
Among the policies was a long-expected revamp on a resource tax in Xinjiang, which produces about 13 percent of the country's crude oil and 28 percent of natural gas.
The resource tax for oil and gas produced in Xinjiang will be levied based on price instead of quantity, effectively raising revenue for the regional government.
This policy will cut into revenues for energy firms in the region, including PetroChina and Sinopec.
The government will relax policies about using natural gas in Xinjiang in an effort to attract more companies who use it for production.
Premier Wen Jiabao told the meeting that the fixed-asset investment goal for Xinjiang in the government's next five-year plan from 2011 would be more than double the amount in the current plan that ends this year.
Banks would be encouraged to expand in the region, he said.
Hu said managing Xinjiang well under the new circumstances was essential for improving the living standards for Xinjiang people of all ethnic groups.
Hu noted that like other regions of the country, the society's principal problem was the gap between the fast-growing material and cultural needs of the people and the low level of social production.
Hu vowed to invest more to improve the region's public services by implementing major projects to provide local people with a "modern and civilized" living environment.
Hu also called for comprehensive education about ethnic unity in order to help local people identify with the "great motherland, the Chinese nationality, Chinese culture, and a socialist development path with Chinese characteristics."
He urged efforts to oppose and strike down all ethnic separatist forces to ensure social order and people's normal lives.
The package of tax reforms, government investment targets and investment incentives for Xinjiang emerged from a conference attended by President Hu Jintao and other senior leaders of the nation.
The central work conference on Xinjiang's development that concluded on Wednesday approved measures that Hu said would help ensure Xinjiang became a prosperous part of China.
Hu told the three-day meeting that Xinjiang should undergo a spurt in development so that its average economic output per resident reached the national average by 2015.
Residents' income and access to basic public service should reach the average level of the country's western regions, Hu said.
"We must engage in vigorous economic development, accelerate the pace of development," he said.
Marked improvement must be achieved in Xinjiang's infrastructure, self-development capacity, ethnic unity and social stability within five years, he told the conference.
Xinjiang should fulfill the goal of achieving a moderately prosperous society in all aspects by 2020 by promoting coordinated regional development. It should also improve people's living standards and build an eco-friendly environment, as well as ensure ethnic unity, social stability and security, he said.
Xinjiang's economy grew by 8 percent in 2009, compared to national GDP growth of 8.7 percent.
Among the policies was a long-expected revamp on a resource tax in Xinjiang, which produces about 13 percent of the country's crude oil and 28 percent of natural gas.
The resource tax for oil and gas produced in Xinjiang will be levied based on price instead of quantity, effectively raising revenue for the regional government.
This policy will cut into revenues for energy firms in the region, including PetroChina and Sinopec.
The government will relax policies about using natural gas in Xinjiang in an effort to attract more companies who use it for production.
Premier Wen Jiabao told the meeting that the fixed-asset investment goal for Xinjiang in the government's next five-year plan from 2011 would be more than double the amount in the current plan that ends this year.
Banks would be encouraged to expand in the region, he said.
Hu said managing Xinjiang well under the new circumstances was essential for improving the living standards for Xinjiang people of all ethnic groups.
Hu noted that like other regions of the country, the society's principal problem was the gap between the fast-growing material and cultural needs of the people and the low level of social production.
Hu vowed to invest more to improve the region's public services by implementing major projects to provide local people with a "modern and civilized" living environment.
Hu also called for comprehensive education about ethnic unity in order to help local people identify with the "great motherland, the Chinese nationality, Chinese culture, and a socialist development path with Chinese characteristics."
He urged efforts to oppose and strike down all ethnic separatist forces to ensure social order and people's normal lives.
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