Economic review

Horgos sees rapid rise in investment: report

2017-12-07 09:41:00 (Beijing Time)         Global Times

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Investment in Horgos, Northwest China's Xinjiang Uyghur Autonomous Region is increasing fast, with over 35 firms registering in the border city on a daily basis this year, domestic news site chinanews.com reported on Wednesday.

Benefitting from the Belt and Road initiative, as well as cross-border pilot schemes and other policies, Horgos has seen an additional 11,876 enterprises settle there in the first 11 months.

A representative of the business promotion bureau in Horgos was quoted as saying in the report that the firms believe Horgos has good prospects, given low costs and favorable policies.

On November 28, the Horgos New Silk Road (cross-border) financial town was officially opened, with the aim of developing Horgos into an international financial hub for the Silk Road Economic Belt.