Date
18 December 2017
Xinjiang's border trade zone is expected to boost local trade and bolster economic ties with its Central Asian neighbors. Photo: Reuters
Xinjiang's border trade zone is expected to boost local trade and bolster economic ties with its Central Asian neighbors. Photo: Reuters

Xinjiang sets up border trade zone

Northwest China’s autonomous Xinjiang region is building a border trade zone to boost trade with neigboring countries.

On Friday, Taxkorgan Tajik county broke ground on the 100 million yuan (US$16 million) project on the Pamirs Plateau near the border with Pakistan, Afghanistan and Tajikistan, state news agency Xinhua reported Tuesday.

The trade zone covers 99 mu (6.6 hectares) and comprises functional areas for trade, tourism, dining and accommodation.

When completed, it will provide 300 jobs for local people and generate nearly 20 million yuan in taxes annually for the local government, Yu Jun, deputy head of the county, was quoted as saying.

The trade zone will also help increase rural income, boost tourism and promote the Silk Road economic belt, the report said.

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