A Number Of Policies In Xinjiang "Escort" Private Economy To Light Up

In the South and north of Tianshan Mountains, private enterprises are seen in new energy equipment manufacturing, agricultural products processing, textile and garment industries.

These enterprises, supported by various policies of the state and autonomous regions in recent years, have improved quality and efficiency, and stimulated employment. They have shown good prospects for development and released positive market signals.

As China's energy enrichment area, Xinjiang's new energy industry has attracted much attention.

Walk into Jin Feng Polytron Technologies Inc production workshop, a busy scene.

Wugang, chairman of the company, introduced the market share of Jinfeng technology in the global wind turbine manufacturer for many years. A number of projects in the US and Australia were put into operation last year.

In addition to improving quality and efficiency, Jin Feng technology has received many policy support.

Last year, the company enjoyed the policy of deducting deductions from research and development projects, and the reduction of taxes and fees further enhanced the market competitiveness of enterprises.

The group financial company was established in November last year, further reducing the financing cost of enterprises.

Xu Bin, director of the the Xinjiang Uygur Autonomous Region Bureau of statistics, said that in 2018, the added value of Xinjiang's high-tech manufacturing represented by Jinfeng technology increased by 32.1% over the previous year, and its growth rate was 28 percentage points higher than that of the above scale industries.

Small and medium-sized enterprises also show positive development trend.

The Urumqi Changji Hui Autonomous Prefecture national agricultural science and Technology Park, which is an hour's drive from the city of Changji, is surrounded by snow, but the snow mountain orchard food Limited by Share Ltd in the park is in full swing.

The workers are processing walnut, jujube, almond and other Xinjiang characteristic fruit into bags ready to eat goods, and then sell them to all parts of the country with the help of electronic business.

Dan Baoshun, chairman of the company, said that the company has been supported by the park from the construction of the factory area to the recruitment and employment.

Snow Mountain Orchard is a microcosm of the development of Xinjiang's small and medium-sized enterprises.

In 2018, Xinjiang further optimized the business environment, cleaned up the examination and approval items of investment projects, reduced the items of examination and approval, reduced the 23 items of examination and approval, reduced the power grid toll and pmission and distribution prices, reduced the average electricity and electricity prices by 10%, standardized and reduced the cost of road pportation, coordinated the preferential policies for releasing the 30% phase of the railway freight rate, expanded the floating rate of key materials and railway freight rates, cleaned up 5 billion yuan in arrears of private enterprises' accounts, reached 23 cooperation intentions with 8 home areas, and effectively alleviated the financial difficulties of enterprises.

These policies have been actively responded to by the market.

According to statistics of autonomous region, 1.9 new SMEs were added to Xinjiang last year, and 170 thousand new jobs were added.

Support measures are still improving.

At the beginning of this year, Xinjiang mainly supported 8 banks, namely Xinjiang bank, Urumqi bank and Kunlun bank, which could reduce the deposit reserve ratio by 2.5 percentage points, and further solved the problem of financing difficulties and financing of private enterprises.

In January this year, Xinjiang also issued a number of opinions on vigorously promoting the healthy development of the private economy, and put forward 28 related measures, including encouraging private enterprises to develop direct financing, and the direct financing can get a maximum of 500 thousand yuan one-time subsidy.