LINE

    Text:AAAPrint
    Economy

    Investment in Xinjiang textile industry booming

    1
    2017-02-15 09:21China Daily Editor: Wang Fan ECNS App Download
    A worker uses a spinning wheel to produce silk in Hotan, Xinjiang Uygur autonomous region, in November. (Wei Hai/Xinhua)

    A worker uses a spinning wheel to produce silk in Hotan, Xinjiang Uygur autonomous region, in November. (Wei Hai/Xinhua)

    Manufacturers are expected to create 100,000 jobs this year

    The Xinjiang Uygur autonomous region has become the most popular destination for investors in the textile industry, a regional trade official said.

    The official said the region plans to attract more labor-intensive businesses with preferential policies to create job opportunities for locals.

    "An average of two new textile factories were set up in Xinjiang every day last year. We expect to see more this year," said Yin Xiaodong, director of the regional textile industry management office.

    With preferential policies, including lower raw cotton prices, cheaper electricity rates and transportation subsidies, every metric ton of cotton yarn produced in Xinjiang can save manufacturers 3,600 yuan ($520) compared with eastern China where the textile industry traditionally flourished, Yin said.

    The autonomous region now has more than 1,800 textile factories.

    Investment in the region's textile industry reached 47.9 billion yuan last year, an increase of 51 percent compared with 2015, according to data released on Monday by the regional statistics bureau.

    A total of 112,300 workers were recruited to the region's textile sector last year, accounting for more than 50 percent of new industrial jobs.

    The region expects textile manufacturers to create 100,000 more jobs this year, accounting for one-quarter of all new jobs, according to Yin.

    In 2014, the central government began providing support for the textile and garment industry in Xinjiang, which produces about 60 percent of China's raw cotton, in the hope of boosting employment opportunities for locals.

    Yin estimates that investment in the industry in the past three years has exceeded 90 billion yuan, equivalent to the total investment between 1978 and 2013.

    Three of the five planned textile industrial centers are in southern Xinjiang, a key battleground in China's fight against terrorism. The regional government has said unemployment and poverty are key factors that drive young people to become involved in terrorist activities.

    Most of the cotton yarn produced in the region is transported to eastern China, the country's traditional textile center, to be processed into cloth and clothes before it is exported by sea.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 潢川县| 教育| 和平区| 呈贡县| 泽普县| 无棣县| 松桃| 镇赉县| 安庆市| 祁连县| 麦盖提县| 克拉玛依市| 桃源县| 万盛区| 邢台市| 叶城县| 马公市| 祥云县| 革吉县| 贡觉县| 陆川县| 五华县| 乐清市| 花莲市| 南部县| 罗源县| 巨鹿县| 安义县| 师宗县| 勃利县| 边坝县| 平泉县| 甘孜县| 邢台市| 南京市| 铅山县| 岳阳市| 巴南区| 和田市| 和平区| 安图县|