President of China Development Bank Corp Chen Yuan said Tuesday the bank will boost lending to northwest China's Xinjiang Uygur autonomous region to strengthen the region's infrastructure and finance its economic development.
China's leading power company Huaneng said on Monday that it would spend more than 100 billion yuan ($15 billion) in the far west Xinjiang region for energy exploration during the next ten years.
A pilot reform program to introduce a 5 percent tax on gas and oil producers in the Xinjiang Uygur autonomous region will moderately impact domestic energy companies' profits this year, said analysts.
Producers of crude oil and natural gas will be levied a new sales tax in the Xinjiang Uygur autonomous region, the Ministry of Finance said on Wednesday.
China's government Tuesday introduced a new tax on sales of crude oil and natural gas in the western Xinjiang Uygur Autonomous Region, the Ministry of Finance (MOF) said Wednesday.
China's central bank will push forward yuan settlement in cross-border trade and investment in the western Xinjiang Uygur autonomous region, Zhou Xiaochuan, governor of the People's Bank of China (PBOC), said Tuesday.
The authorities of far western Xinjiang Uygur Autonomous Region have unveiled a package of measures to improve people's livelihood at a regional work conference.
Xinjiang Goldwind Science & Technology Co, the world's fifth largest wind power equipment maker, has secured a credit line of $6 billion yuan from China Development Bank to support its overseas market expansion.
Xinjiang Goldwind Science & Technology Co, the world's fifth largest wind power equipment maker, said on Monday that it has received approval from China Securities Regulatory Commission to make an initial public offering in Hong Kong.
Construction has begun on a second railway linking China's northwestern Xinjiang Uygur Autonomous Region with inland cities, the railway company in Xinjiang announced Thursday.
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