China's State-Owned Enterprises Investment in Xinjiang Up 64% in 2024

MT Newswires Live

2025/03/13

China's central state-owned enterprises (SOE) invested more than 280 billion yuan in Xinjiang in 2024, a 63.7% annual increase, supporting 336 projects in the Uygur autonomous region, Xinhua News reported Wednesday.

The investments cover sectors such as petroleum, natural gas, coal, new energy and transportation.

Chen Weijun, vice chairman of the regional government, said more than 40 central SOEs will invest more than 380 billion yuan in Xinjiang in 2025.

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