New Growth Point of Construction Machinery: Nearly RMB 1 billion Investment Settled in Xinjiang

Under the background of increasing industrial assistance policies for Xinjiang, the central government’s “group army” will enter the country in large numbers, and the “12th Five-Year” investment in Xinjiang will double.

“The 31 state-owned enterprises during the 12th Five-Year Plan plan to invest 991.6 billion yuan in Xinjiang.” Wang Yong, Director of the State-owned Assets Supervision and Administration Commission of the State Council, said on August 20 at the “Industry Promotion Conference for Central Enterprises” that the investment will be lower than “11. Five" doubled.

The promotion was jointly organized by the State-owned Assets Supervision and Administration Commission of the State Council, the Xinjiang Uygur Autonomous Region Government and the Xinjiang Production and Construction Corps. The heads of 120 central enterprises attended the meeting.

The contribution rate to local industrial added value exceeds 70%. The construction projects of central enterprises in Xinjiang mainly focus on resources and infrastructure.

In addition to traditional oil resources, coal is the most attractive resource for central enterprises. According to media reports, there are currently 104 companies involved in the development of coal power and coal chemical industry in Xinjiang, and 66 coal chemical projects with a planned total investment of 877.3 billion yuan.

The central energy companies such as the five major power generation groups, the State Grid Corporation, Shenhua Group, and the Three Gorges Group have focused on the development of Xinjiang's rich coal industry, built coal-electric power bases on the spot, and then sought to export large-scale coal from outside Xinjiang.

Zhang Xiwu, chairman of Shenhua Group, stated at the promotion meeting that Shenhua Group will invest 100 billion yuan in Xinjiang during the 12th Five-Year Plan period. As of June this year, Shenhua Group has accumulatively invested 10.5 billion yuan in Xinjiang to build a coal mine in Xinjiang. Thermal power plants, wind power plants and thermal power plants also participated in the construction of the Wudong Railway.

Metallurgical enterprises have also taken a look at coking coal and other resources. Baosteel Xinjiang Bayi Coking Coal Group and Xinjiang Changji Xinxin Industrial Development Co., Ltd. have signed cooperation framework agreements to jointly develop metallurgical coal resources in Changji Hui Autonomous Prefecture.

Xu Lejiang, chairman of Baosteel Group, introduced at the promotion meeting that during the “Twelfth Five-Year Plan” period, Baosteel plans to invest 41.8 billion yuan in Xinjiang Bagang, increase its annual production capacity to 15 million tons by 2015, and the sales revenue will reach 70 billion yuan. .

Guo Qiang, deputy general manager of Poly Group, said in an interview with a certain media reporter that Poly Group planned to participate in the construction of copper mines in southern Xinjiang.

While developing resources, the state-owned enterprises also provided support for the construction of infrastructure projects such as railways, highways, telecommunications, water conservancy and hydropower, etc. to provide guarantees for the economic and social development of Xinjiang. China Southern Airlines Group Corporation has also reached a strategic cooperation agreement with the Xinjiang Uygur Autonomous Region People’s Government, planning to build Urumqi into a hub in the west. At present, China Southern Airlines has launched a route from Urumqi to Turkey.

Some of the central enterprises also focus on investing in agriculture and animal husbandry. COFCO Tunhe, which is owned by COFCO, has become one of the largest tomato processing companies in the world, and the group has also entered the Tahong Basin safflower industry in Xinjiang. China Ordnance Industry Group Huajin Corporation Xinjiang Fertilizer Project is the main urea industry.

In addition, central enterprises set up enterprises in Xinjiang, which increased local employment and fiscal revenue. The various types of assistance and assistance activities of the central SOEs can help improve people's livelihood. For example, the 6.164.19 million yuan invested by the China Light & Power Investment Group focused on the free aid construction of the Wuxueite Reservoir in the Toli County.

According to the statistics of the autonomous region's SASAC, as of the end of last year, a total of 44 central enterprises participated in the investment and development of oil and petrochemical, coal, electricity, and metallurgical industries in Xinjiang, with total assets of 573.9 billion yuan, operating income of 444.4 billion yuan, and profits of 55.2 billion yuan. , Pay taxes of 48.4 billion yuan. The rate of contribution of central enterprises to the industrial added value of Xinjiang exceeds 70%.

Xinjiang: Looking forward to the equity and taxation dividends, while developing Xinjiang's economy, what kind of methods will be used to allow Xinjiang to share more development dividends, and the adjustment of the form of cooperation and tax redistribution is crucial.

In the face of a large number of central enterprises investing in Xinjiang, the Xinjiang Uygur Autonomous Region prefers the form of a joint venture between a central state-owned enterprise and a Xinjiang local enterprise because the joint venture can not only transform Xinjiang's resources into equity, but also directly promote local employment and industrial development. For example, Xinjiang Xinjiang Company signed a strategic cooperation framework agreement with Xinjiang Tianye Company when expanding Xinjiang market, and Xinjiang Tianye is a large-scale state-owned enterprise of the 8th Agricultural Division of the Xinjiang Production and Construction Corps. The China Merchants Group also selected the Corps Investment Corp. of the Xinjiang Production and Construction Corps as a partner.

Xinjiang’s own taxes have been heavily dependent on resources. In order to retain more of the profits and taxes of central SOEs in Xinjiang in the future, Xinjiang has been seeking to expand the scope of the collection of resource taxes. After the work conference of the Central Xinjiang, the country took the lead in carrying out pilot reforms of the oil and gas resources tax in Xinjiang. From June 1, 2010 to the end of 2010, Xinjiang’s local fiscal revenue increased by 2 billion yuan due to resource tax expansion. As a resource tax reform area, Xinjiang also looks forward to including coal as a resource tax reform.

A related person in the Xinjiang Finance Department stated that after the resource tax reform, the taxation will have compensation significance for the exploitation of resource products, and it will help increase the local tax revenue source; but it also needs a supporting taxation mechanism to export resources such as Xinjiang. Benefit compensation and environmental restoration.

Local people in Xinjiang further suggested that they would like to adjust their branches and subsidiaries in central state-owned enterprises from subsidiaries to subsidiaries. This would enable them to pay local tax revenues in Xinjiang; at the same time, they hope that pipeline import crude oil and other industries will leave VAT in Xinjiang in the processing sector.