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Xinjiang: Market Profile

Major Economic Indicators

Economic Indicators2016Jan-Sep 2017
ValueGrowth
(%, y-o-y)
ValueGrowth
(%, y-o-y)
Gross Domestic Product (RMB bn)965.07.61765.67.51
Per Capita GDP (RMB)40,5645.31
Added Value Output
   Primary industry  (RMB bn)164.95.81115.65.71
   Secondary industry (RMB bn)364.76.21295.76.11
   Tertiary industry (RMB bn)435.49.41354.39.51
Value-added Industrial Output2 (RMB bn)244.03.71217.36.21
Fixed-assets Investment (RMB bn)998.4-6.9
1,037.731.0
Retail Sales (RMB bn)282.68.4
213.17.3
Inflation (Consumer Price Index, %)1.4
2.0
Exports (US$ mn)15,607-10.813,00422.7
   By foreign-invested enterprises (FIEs) (US$ mn)67-9.4523.9
Imports (US$ mn)2,051-5.62,047
37.2
   By foreign-invested enterprises (FIEs) (US$ mn)128-27.6
46
-58.3
Utilised Foreign Direct Investment (US$ mn)401-11.4

Notes:
1 In real terms
2 For all state-owned enterprises and other forms with annual sales over RMB20 million
Sources: Xinjiang Statistical Yearbook 2017, Xinjiang Statistical Bureau, China’s Customs Statistics, 12.2016, 9.2017

General Background

Xinjiang is the largest autonomous region of China. It has a total area of 1,664,900 sq km. Total population stood at 23.98 million by end-2016. It is located in the utmost northwestern part of China, closely connected in trade with Central Asia countries.

Xinjiang is China’s largest growing base of cotton, lavender and hop. Lavender planting areas and production in Ili district both account for 90% of the nation’s total. Besides, with the second largest pastureland, Xinjiang is one of the major sheep farming areas and fine-wool production base in China.

Xinjiang is rich in energy resources. It has the largest reserves of oil, natural gas and coal in the country. Its coal reserves account for 40% of the country’s total. The oil and gas reserves found in Tarim, Junggar and Turpan-Hami basins in the region account for one-fourth and one-third of the country’s total.

Xinjiang’s reserves of mineral resources are great as well. There are more than 130 kinds of mineral deposits founded. The region’s reserves of beryllium and mica are the highest in China. Some of the region’s granite products such as “Xinjiang Red”, “Tianshan White” and “Snowflower Black” are famous brands in the country.

Industries

Xinjiang is a major agricultural base and primary industry still accounted for 17.1% of GDP in 2016. Sugar beet and fruits, of which, Yili apple (伊犁蘋果), Korla pear (克拉梨), seedless white grape and Hami melon are famous at home and abroad.

Composition of GDP (%)

 20002016
Primary21.117.1
Secondary39.437.8
      Industry30.727.7
Tertiary39.545.1

Source: Xinjiang Statistical Yearbook 2017

Urumqi, Karamay and Ili Kazak are the major industrial centers in Xinjiang. Oil and petrochemicals, electric power production, metallurgy, chemicals and food processing are among the pillar industries of Xinjiang.

Output Share of Leading Industry Groups (2016)

 % share of gross industrial output *
Oil processing, coking and nuclear fuel processing13.7
Production and supply of electricity and heat power11.8
Smelting and pressing of non-ferrous metal11.6
Raw chemical materials and products8.9
Extraction of petroleum and natural gas8.5
Processing of food from agricultural products6.8
Manufacture of electric equipment and machinery6.2
Manufacture of nonmetal mineral products5.5

Notes: For all state-owned enterprises and other forms with annual sales over RMB20 million
Source: Xinjiang Statistical Yearbook 2017

Tourism

Xinjiang has abundant tourist resources, owning 56 categories of tourist resources, out of 68 categories of the whole nation. Well-known scenic and historical interests include Heavenly Lake (天池), Bosteng Lake (博斯騰湖), ruins of Loulan (樓蘭遺址) and Gaochang Ancient City (高昌古城).

 2016% change
Number of domestic visitors (million)79.0
+33.3
Income generated (RMB bn)134.0
+36.0
Number of overseas visitors (million)2.0
+19.1
Foreign exchange income (US$ mn)901.3
+48.3

Source: Xinjiang Statistical Yearbook 2017

Foreign Trade

In 2016, major exports included garments, shoes and textiles. Major exports markets included Kazakhstan, Kirghizia and Tadzhikistan. These three markets in Central Asia accounted for about 68% of Xinjiang’s total exports in 2016.

Major imports included medical instruments, agricultural products and rolled steel. Major import sources included Kazakhstan, Uzbekistan, the US and Russia.

Border trade reached US$11 billion in 2016, accounting for 61.5% of the region’s total trade.

Foreign Investment

 

Chart: Utilised FDI of Xinjiang
Chart: Utilised FDI of Xinjiang

In 2016, Hong Kong was the leading source of FDI in Xinjiang, accounting for 35.3% of the total utilised FDI. Other major investments came from Germany, Singapore and Kazakhstan. The leading sectors which attracted the most foreign capital in 2016 were transport, storage, post and telecommunications, accounting for 33.8% of the total FDI.

Consumer Market

In 2016, annual per capita disposal income of urban households reached RMB28,463 (+8.3%). Urumqi, the largest consumer center in the region, recorded RMB100.6 billion retail sales of consumer goods in 2016, accounting for 36% of the region’s total retail sales value.

Composition of Per Capita Expenditure of Urban Household (%)

 20002016
Food, tobacco & liquor36.429.1
Clothing13.19.3
Household articles9.37.3
Medicine & medical services7.59.1
Transportation & communications7.514.5
Recreation, cultural & education13.611.3
Residence7.816.7

Source: Xinjiang Statistical Yearbook 2017

Major department stores and shopping centres in Xinjiang include Urumqi Tianshan Department Store (烏魯木齊天山百貨), Maison Mode (美美友好購物中心), Urumqi Pacific Department Store (烏魯木齊太平洋百貨) and Tulufan Department Store (吐魯番百貨), etc. Besides these indigenous retailers, foreign retailer Carrefour has also established in Xinjiang.

Economic Indicators of Major Cities (2016)

CitiesGDP
(RMB bn)
Per Capita GDP
(RMB)
Gross Industrial
Output*
(RMB bn)
Retail Sales
(RMB bn)

Exports
(US$ mn)
Urumqi
(烏魯木齊)
245.969,565197.6100.64,206
Karamay
(克拉瑪依市)
62.1137,307100.56.363
Ili Kazak
(伊犁哈薩克自治州)
156.333,12074.635.35,814
Bayangol
(巴音郭楞蒙古自治州)
90.564,14273.310.4146
Changji
(昌吉回族自治州)
111.870,162141.724.41,015

Notes: * For all state-owned enterprises and other forms with annual sales over RMB20 million
Source: Xinjiang Statistical Yearbook 2017


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