The "Twelfth Five-Year Plan" Economy in the Five Northwestern Provinces Mainly Focuses on Energy and Investment

The development of the regional economy and the “Great Development of the Western Region” are hot topics discussed by the members of the two associations. During the two sessions, it was learned that the economic planning contents of the five provinces of Xinjiang, Inner Mongolia, Shaanxi, Gansu, and Ningxia will soon be introduced. The construction of energy resources bases and increased investment have become the “12th Five-Year” economic main lines of the five provinces in the northwest.

As a major hot spot for regional construction, the planning and work deployment of Xinjiang during the “12th Five-Year Plan” period has become the focus of widespread market attention.

In the next five years, Xinjiang will speed up the process of new-type industrialization, modernization of agriculture and animal husbandry, and new-type urbanization. It plans to accumulate a total of 3.6 trillion yuan in social fixed asset investment, which is equivalent to nearly three times the actual volume of the “Eleventh Five-Year Plan”, including industry. And energy investment will account for more than 40%.

Local traditional advantageous industries such as coal, oil, natural gas, and minerals development will become the “main battlefield” for Xinjiang to advance the process of new-type industrialization. Authoritative sources revealed that the promotion of the six major bases is expected to be incorporated into the “12th Five-Year Plan” outline of the autonomous region. Including the national large-scale oil and gas production and storage base, the country's important petrochemical base, the national green agricultural product processing and export base, coal, coal and coal chemical bases, cotton yarn cotton cloth and cotton textile processing bases.

During the "12th Five-Year Plan" period, the state will increase its support for the development of Inner Mongolia and strive to build Inner Mongolia into a national strategic resource support base and a new economic growth point. It is reported that relevant parties will locate Inner Mongolia in the country’s important energy bases, new chemical bases, non-ferrous metal production and processing bases, and green agricultural and livestock product production and processing bases. Under the circumstances of giving full play to its advantages in resources, it will enlarge and strengthen its characteristic and advantageous industries. Accelerate the construction of a diversified modern industrial system.

In the future, Inner Mongolia will actively and orderly develop strategic new industries such as new materials, new medicines, electronic information technology and energy conservation and environmental protection, speed up the reserve and application of rare earth resources, list rare earth products in the national strategic reserve list, and focus on Baotou to develop rare earths. And other new material industries, to build China's "Rare Earth Valley."

At the same time, the development plan for the first revolutionary old district, “the plan for the revitalization of the Shaanxi-Gansu-Ningxia revolutionary old district”, is also one of the focuses of the public.

Authoritative sources told this reporter that the upcoming Shaanxi-Gansu-Ningxia plan will position this region as a national energy and chemical industry base, and the construction of coal bases in northern Shaanxi and Longdong will be focused on. In addition, the development of coal-fired coal chemical, oil and gas and new energy will also be strengthened. At the same time, taking into consideration that Shaanxi-Gansu-Ning is rich in red cultural resources as a revolutionary old district, the construction of a red cultural industrial base will also be planned.

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