In the first quarter of Xinjiang, the added value of petrochemical industry was 20.77 billion yuan, a 7.3% increase over the previous year
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April 08 13:04:30, 2021
From the analysis of the Xinjiang Autonomous Region’s economic operation, it was learned that investment in the industrial sector in Xinjiang grew rapidly in the first quarter. The fixed assets investment in the region was 8.55 billion yuan, a year-on-year increase of 17.7%, of which 7.43 billion yuan was invested in the industrial sector, a year-on-year increase of 27.1%. In industrial investment, new construction projects completed 3.19 billion yuan, an increase of 47.3%; technological transformation (including expansion, reconstruction projects) completed 4.2 billion yuan, an increase of 14.8%. These have created favorable conditions for industrial growth in the autonomous region. In the first quarter, the 11 major industrial sectors of the autonomous region maintained growth, and the light industry, electromechanical, non-ferrous metals, metallurgy, and coal industries grew by more than 20%; the power, textile, and Chemical industries grew by 10% to 15%; the petrochemical industry produced stable operations, and the first quarter The added value was 20.77 billion yuan, an increase of 7.3% year-on-year, and the growth rate was lower than the same period of last year. Nine out of 11 major industrial sectors are profitable. From a regional perspective, 14 out of 15 prefecture-level cities in the region achieved industrial growth, of which 8 were at a growth rate of over 17%, for example, the growth rate of the Kizil-Sukolk Autonomous Prefecture increased by 123.7%, and that of the Ili Kazakh Autonomous Prefecture increased. In 53.3%, Bortala Mongolia Autonomous Prefecture grew by 39.9%. The efficiency of local industrial enterprises has increased substantially. In the first quarter of the year, industrial profits and losses offset the profit of 14.16 billion yuan, an increase of 9.9%. Profits of profitable companies rose by 2.3%, while those of loss-making companies decreased by 42.7%.