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Xinjiang: Market Profile

Major Economic Indicators

Economic Indicators2015Jan-Sep 2016
ValueGrowth
(%, y-o-y)
ValueGrowth
(%, y-o-y)
Gross Domestic Product (RMB bn)932.58.81671.87.91
Per Capita GDP (RMB)40,0366.61
Added Value Output
   Primary industry  (RMB bn)155.95.91108.95.71
   Secondary industry (RMB bn)359.67.31245.96.31
   Tertiary industry (RMB bn)416.912.21316.910.11
Value-added Industrial Output2 (RMB bn)266.35.21185.44.41
Fixed-assets Investment (RMB bn)1,072.910.1792.37.4
Retail Sales (RMB bn)260.67.0198.68.0
Inflation (Consumer Price Index, %)0.61.1
Exports (US$ mn)17,506-25.410,931-14.4
   By foreign-invested enterprises (FIEs) (US$ mn)74
-16.250-11.3
Imports (US$ mn)2,172-48.21,491-10.2
   By foreign-invested enterprises (FIEs) (US$ mn)17743.4109-18.2
Utilised Foreign Direct Investment (US$ mn)4538.53720.1

Notes:
1
In real terms
2 For all state-owned enterprises and other forms with annual sales over RMB20 million

Sources: Xinjiang Statistical Yearbook 2016, Xinjiang Statistical Bureau, China’s Customs Statistics, 12.2016, 9.2016

 

General Background

Xinjiang is the largest autonomous region of China. It has a total area of 1,664,900 sq kilometres. Total population stood at 23.6 million by end-2015. 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 16.7% of GDP in 2015. 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 (%)

 20002015
Primary21.116.7
Secondary39.438.6
      Industry30.729.4
Tertiary39.544.7

Source: Xinjiang Statistical Yearbook 2016

 

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 (2015)

 % share of value-added industrial output *
Extraction of petroleum and natural gas22.9
Oil processing, coking and nuclear fuel processing18.8
Production and supply of electricity and heat power
12.7
Raw chemical materials and products6.8
Smelting and pressing of non-ferrous metal5.7
Manufacture of nonmetal mineral products3.9
Processing of food from agricultural products3.6
Manufacture of electric equipment and machinery3.6

Notes: For all state-owned enterprises and other forms with annual sales over RMB20 million
Source: Xinjiang Statistical Yearbook 2016

 

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) .

 

 2015% change
Number of domestic visitors (million)59.3+23.5
Income generated (RMB bn)98.5+59.1
Number of overseas visitors (million)1.68+13.3
Foreign exchange income (US$ mn)607.8+22.3

Source: Xinjiang Statistical Yearbook 2016

 

Foreign Trade

In 2015, major exports included garments, shoes and textiles. Major exports markets included Kazakhstan, Kirghizia, Tadzhikistan and the US. These three markets in Central Asia accounted for about 56% of Xinjiang’s total exports in 2015.

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

Border trade reached US$ 9.62 billion in 2015, accounting for 49% of the region’s total trade.

Foreign Investment

 

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

 

In 2015, Hong Kong was the leading source of FDI in Xinjiang, accounting for 36.8% of the total utilised FDI. Other major investments came from the Netherlands, Germany and Kazakhstan. The leading sectors which attracted the most foreign capital in 2015 were manufacturing, accounting for 59.7% of the total FDI.

Consumer Market

In 2015, annual per capita disposal income of urban households reached RMB26,275 (+13.2%). Urumqi, the largest consumer center in the region, recorded RMB 94.1 billion retail sales of consumer goods in 2015, accounting for 36% of the region’s total retail sales value.

 

Composition of Per Capita Expenditure of Urban Household (%)

 20002015
Food, tobacco & liquor36.430.6
Clothing13.110.4
Household articles9.36.6
Medicine & medical services7.57.8
Transportation & communications7.514.8
Recreation, cultural & education13.610.8
Residence7.816.3

Source: Xinjiang Statistical Yearbook 2015

 

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 (2015)

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

Exports
(US$ mn)
Urumqi
(烏魯木齊)
263.274,340206.394.14,811
Karamay
(克拉瑪依市)
62.9131,014107.45.959
Ili Kazak
(伊犁哈薩克自治州)
162.434,27766.333.05,713
Bayangol
(巴音郭楞蒙古自治州)
103.973,64977.89.8135
Changji
(昌吉回族自治州)
114.071,251128.423.61,245

Notes:  * For all state-owned enterprises and other forms with annual sales over RMB20 million
Source: Xinjiang Statistical Yearbook 2016


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