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China to build opening-up pilot zone in border prefecture

Abstract : The State Council, China's cabinet, has approved the establishment of a key pilot zone to advance opening-up and development in Tacheng Prefecture, northwest China's Xinjiang Uygur Autonomous Region.

URUMQI, Dec. 17 (Xinhua) — The State Council, China’s cabinet, has
approved the establishment of a key pilot zone to advance opening-up and
development in Tacheng Prefecture, northwest China’s Xinjiang Uygur
Autonomous Region.

According to a 2015 guideline issued by the State Council, central
authorities will offer soft loans to infrastructure projects in such
pilot zones located in border regions.

With the establishment of the pilot zone, Tacheng will accelerate the
construction of infrastructure projects and cross-border industrial
parks as well as the development of the finance sector, said Chang
Cheng, a policy research official in Tacheng.

“Tacheng is an important land route for China’s foreign trade with
Central Asia and Europe,” Chang said, adding that the prefecture’s
favorable trade conditions make it economically complementary to
bordering Kazakhstan.

With a total population of 910,800, Tacheng covers 105,400 square km.

In 2019, its GDP reached 69.7 billion yuan (about 10.7 billion U.S. dollars), up 5.2 percent year on year. Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China to build opening-up pilot zone in border prefecture

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