China’s central SOEs invest $159b in Xinjiang during 14th Five-Year Plan period

BEIJING — China’s centrally-administered state-owned enterprises (SOEs) invested a total of 1.1 trillion yuan (about $159 billion) in northwest China’s Xinjiang Uyghur Autonomous Region during the 14th Five-Year Plan period (2021–2025), official data showed on Friday. Over the five years, central SOEs generated 6.2 trillion yuan in operating revenue in the region, according to a meeting on central SOEs’ industrial support for Xinjiang held in Beijing on Friday. In 2025 alone, central SOEs completed 265.7 billion yuan of investment and created 107,000 new jobs in the region. Zhang Yuzhuo, head of the State-owned Assets Supervision and Administration Commission of the…