Gross domestic product (GDP) of western China's six provinces,
five autonomous regions and the Chongqing
Municipality reached 2,266 billion yuan (about US$273 billion)
in total in 2003, according to the Leading Group?of the State
Council for Western Region Development. The region as a whole
logged 11.2 percent growth for the year.
Inner Mongolia reported 16.3 percent GDP growth in 2003, the
highest in China.
Investment in fixed assets in the western region jumped 30.7
percent to 894.1 billion yuan (about US$107.7 billion) last year,
with Inner
Mongolia, Ningxia,
Shaanxi, Chongqing and Guangxi leading the increase.
Rapid rises were also reported in industrial production, and
imports and exports.
China initiated the western development strategy in 2000 to help
the relatively backward western region catch up with the affluent
east. The strategy is supported by a series of preferential
policies for the development of the west, including more
investment, preferential tax rates and flexible policies.
(Xinhua News Agency March 22, 2004)