Large SOEs swarm to Xinjiang to make investment

时间：2007-07-19 00:47:11

（单词翻译:单击）

Chinanews, Urumqi, July 18 – In recent years, many large state-owned enterprises (SOEs) all went to Xinjiang for investment, attracted by its rich mineral and other natural resources, and its contiguity1 to central Asian countries.

 

So far, more than ten large state-owned companies, including PetroChina, SinoChem, China Oil and Food Corporation (COFCO), China Power Investment Corporation, Shenhua Group, State Development and Investment Corp (SDIC), and Xuzhou Mining Group, have all made their investment in Xinjiang. The total investment made by these large national companies already exceed 10 billion yuan.

 

In Tacheng, a remote city in Xinjiang, local government took advantage of the national policy of supporting Xinjiang to invite more and more large state-owned enterprises to go there. So far, more than ten national companies have settled in Tacheng. These companies cover various industrial sectors2, including energy, mineral resources exploitation, and agricultural products. Their investment exceeds 3 billion yuan.

 

Information shows that more than 138 kinds of minerals have been discovered in Xinjiang, accounting3 for 80% of all the mineral types discovered in China. In Xinjiang, there are 20.8 billion tons of potential oil reserves, 10 trillion cubic meters of natural gas reserves, and 2.19 trillion tons of coal resources. Xinjiang has abundant resources of iron, copper4, nickel and gold.

 

As China further carries out the West Development Strategy, the western region has become a popular place for making investment. With the central government’s western development policy, it is an inevitable5 trend that more and more state-owned enterprises will go to the west for investment. As economy develops rapidly in Xinjiang, these enterprises will also divert more and more of their capital to the western region, too, some experts say.

 

At present, Xinjiang has entered into a most booming period of capital flow. State-owned companies directly supervised by the State-owned Assets Supervision6 and Administration Commission under the State Council have already put 50 billion yuan of capital in Xinjiang.

 
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1 contiguity DZOyb     
n.邻近，接壤
参考例句：
  • The contiguity of the house and the garage was a convenience in bad weather.住宅和车库毗邻，这在天气不好的时候是很方便的。
  • Scientists want to investigate the relation between xerophthalmia occurrence and smut contiguity.科学家们打算探讨干眼症与煤尘接触之间的关系。
2 sectors 218ffb34fa5fb6bc1691e90cd45ad627     
n.部门( sector的名词复数 )；领域；防御地区；扇形
参考例句：
  • Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
  • Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》
3 accounting nzSzsY     
n.会计，会计学，借贷对照表
参考例句：
  • A job fell vacant in the accounting department.财会部出现了一个空缺。
  • There's an accounting error in this entry.这笔账目里有差错。
4 copper HZXyU     
n.铜；铜币；铜器；adj.铜(制)的；(紫)铜色的
参考例句：
  • The students are asked to prove the purity of copper.要求学生们检验铜的纯度。
  • Copper is a good medium for the conduction of heat and electricity.铜是热和电的良导体。
5 inevitable 5xcyq     
adj.不可避免的，必然发生的
参考例句：
  • Mary was wearing her inevitable large hat.玛丽戴着她总是戴的那顶大帽子。
  • The defeat had inevitable consequences for British policy.战败对英国政策不可避免地产生了影响。
6 supervision hr6wv     
n.监督，管理
参考例句：
  • The work was done under my supervision.这项工作是在我的监督之下完成的。
  • The old man's will was executed under the personal supervision of the lawyer.老人的遗嘱是在律师的亲自监督下执行的。

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