Port Development Facilitates Trade
1 min readPreviously, traffic, communications, accommodations, catering, and other infrastructures needed considerable improvements at the ports. Because of China’s strong commitment, large amount of was and continues to be invested.over time, the harsh environments of the ports have been greatly improved. In 2000, China invested 700 million Yuan in Alataw Pass. And in 2005, China’s investment in the construction for moving the Irkeshtam Port was up to 245 million Yuan. In 2010,China’s investment in the Horgos Economic Development Zone reached 850 million Yuan.
The development of ports is variable. On one hand, the state needs to invest capital to build the port in the early stages, to improve the harsh environment of the port; on the other hand, the state is required to issue preferential policies to attract foreign trades to do import and export business. The various policies complement each other and interact with both cause and effect.
Along with the acceleration of port construction, trade with the surrounding countries in Xinjiang continues to grow Though there are no direct border ports in Xinjiang with Uzbekistan and Turkmenistan exported cargos from Xinjiang can be delivered to these two countries, via the ports in Xinjiang with Kazakhstan and Kirghizstan. In 2012, the total value of foreign trade of Xinjiang reached USD 25.17 billion. The value of trade in Xinjiang with surrounding countries accounted for 75%.
