Representatives of 28 multinationals ranking world's top 500
gathered at Urumqi, capital of northwest China's Xinjiang
Uygur Autonomous Region, to discuss the economic cooperation
with Xinjiang and central Asian countries.
They are participating in a forum on multinationals' cooperation
with Xinjiang and central Asia, which opened Thursday.
Multinationals are willing to invest in Xinjiang, mostly because
they were attracted by the markets in central Asia and even Europe,
said Wang Ning, director of the economics institute of the Xinjiang
Academy of Social Sciences.
Xinjiang boasts rich natural resources, such as oil and natural
gas. Its geographical situation and improved investment environment
make it attractive for multinationals, said Richard Hausmann,
president and CEO of Siemens Ltd., China.
Xinjiang has a long trade connection with central Asia by the
Silk Road in history, as could make it a base for multinationals to
enter central Asian nations, Gao said.
So far, multinationals such as IBM, SK, Carrefour, Intel, have
established offices in Xinjiang.
Since China's developing the west policy began in 2000, Xinjiang
has made remarkable progress in infrastructure construction.
Ma Xiuhong, vice minister of commerce, described the cooperation
among multinationals, Xinjiang and Central Asia as "proper in
time."
Xinjiang's key position, rich resources, improved
infrastructure, could meet the requirements for multinationals'
investment in the region, Ma said.
(Xinhua News Agency August 7, 2005)
