Policy innovation to drive China's opening up westward
Updated: 2014-03-27 11:14
(Xinhua)
|
|||||||||||
URUMQI - New innovative policies in Xinjiang's two economic development zones will further strengthen the region's "bridgehead" position for China's opening up to Eurasian countries.
The development and reform commission of Xinjiang Uygur autonomous region on Tuesday introduced new policies to help with the development of special economic zones in Kashgar and Horgos, two border cities along China's northwestern frontier.
|
The document clarifies that the two management committees of the zones are allowed to exercise administrative powers and coordinate and guide departments in the economic zones.
Preferential financial and taxation policies are also being put forward by both regional and local governments. A subsidy of 50 million yuan ($8 million) will be allocated to the two zones separately each year for infrastructure construction.
In addition, funds will be set up to support industry, motivate talents, finance scientific research and encourage entrepreneurship. The introduction of equity incentives will look to attract scientists and management professionals.
Total local incomes during the ten years starting from 2012 to 2021 will be for the two management committees to use to support construction of the economic zones and industry development.
Related Stories
Joining the dots along Xinjiang's Silk Road 2014-03-24 13:29
Textiles fuel push for jobs in Xinjiang 2014-03-19 01:39
460,000 Xinjiang residents to gain power access in 2014 2014-03-06 21:48
Big funds to improve livelihood in Xinjiang 2014-02-12 17:27
Tourists to Tibet surge in 2013 2014-02-02 14:45
Xinjiang to promote Silk Road economic belt 2014-01-17 13:43
Today's Top News
China, France sign business deals
Hunt focuses on China satellite pics
Jet search still 'remains priority'
11 dead in lingerie factory fire
122 objects possibly from plane located
Openness urged in property disputes
Panda visit wows Obama family
Commuter plane lands after fire in Malaysia
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
President Xi visits western Europe |
Baby hatches raise controversy |
Diaries shed lights on massacre |
Naturists on the path to acceptance |
Missing plane puzzle remains unsolved |
Modern merchants follow Silk Road |