Xinjiang seeks US$8.5b investment for chemicals projects

A semi-military administration set up by Beijing in 1954 in Xinjiang Uygur Autonomous Region is seeking US$8.5 billion of investment in five projects to use natural gas and coal in chemicals manufacturing.

Xinjiang Production and Construction Corps (XPCC) was established almost 60 years ago to consolidate border defence and ensure ethnic harmony.

Today it says it sees the development of the region's rich energy resources as a key to industrialise Xinjiang's economy.

via Business feed http://www.scmp.com/business/china-business/article/1232626/xinjiang-seeks-us85b-investment-chemicals-projects