Recently, Xinjiang Production and Construction Corps (XPCC) held a press conference to introduce the economic operation of XPCC in 2020. In 2020, XPCC achieved a gross production value of 290.514 billion yuan, an increase of 4.5 percent over the previous year at comparable prices, of which the total output of cotton was 2,134,100 tons, a record high, accounting for 36.1 percent of the country, an increase of 5.2 percent over the previous year, and an increase of 105,500 tons.

 

In 2020, the added value of industries above designated size in the Xinjiang Production and Construction Corps increased by 7.7 percent over the previous year, the highest growth rate in the past four years. In terms of economic types, the value added of state-owned holding companies increased by 6.1 percent; joint-stock companies increased by 5.6 percent, foreign-invested companies and companies invested by Hong Kong, Macao and Taiwan increased by 75.5 percent; private enterprises increased by 6.6 percent. The annual fixed asset investment increased by 22.4 percent over the previous year, the highest growth rate in the past 7 years, of which investment in people’s livelihood increased by 25.6 percent, and private investment increased by 23.6 percent, an increase of 26.2 percentage points over the previous year.