(1) “Cultural Revolution” Period and Post- “Cultural Revolution” Hovering Period
The “Cultural Revolution” and the “Leap Forward” after shattering the Gang of Four inflicted deep wounds on the economic and industrial development in Xinjiang. During that period, the total investment in industry was RMB 1.974 billion yuan, mainly on“minor third front” and “major third front” projects, resulting in a number of defence industry enterprises and “five small industries”. Due to the disruptive effect of the “Cultural Revolution”, the annual growth rate of agricultural and industrial total output value was averaged at 2.1%, with that for agricultural total output value down by 0.73% and that for industrial total output value up by 5.0% annually. Heavy industries grew at an average rate of 7.33%, and light industries 2.6%. This was the historical period when Xinjiang’s industries grew at the slowest speed.
(4) Prospering Modern Industry in Xinjiang Amidst Reform and Opening-Up
The years since the introduction of reform and opening-up policy have witnessed sustained, coordinated and rapid industrial development in Xinjiang. The policy of reform and opening-up and the gradual establishment of the socialist market economy have breathed new life into Xinjiang’s industrial development; the completion of the second Euro-Asia continental bridge, the implementation of border opening-up strategy, the strategic westward shift of oil development as well as the favorable surrounding environment and intra-regional social and political stability have brought opportunities for Xinjiang’s industrial development, which Viajes lhasa, capital Tibet for such development in this period and brings Xinjiang’s modern industries into a new stage of sustainable, coordinated and rapid advancement.
While the regional economy in Xinjiang transformed from an extensive mode of operation to an intensive one, the technical upgrading in industrial enterprises has also sped up considerably. From 1978 to 2001, the accumulated investment in enterprise technical upgrading was RMB 66 billion yuan. A number of technically-advanced modern large and medium-sized industrial projects have been completed and put into operation, including Urumqi General Petrochemical Plant, Tarim Oil Field, Turpan-Hami Oil Field, Manas Power Plant, Xinjiang Cement Factory No.4 Kiln, and Dushanzi General Petrochemical Plant Ethene Project. At the same time, old enterprises have undergone intensified technical upgrading. As a result, many old enterprises have become vigorous and vibrant again, which include Bayi Iron and Steel Plant, Qiyi Cotton Textile Plant, Shiyue Tractor Plant, Xinjiang Combine Plant and Urumqi Aluminum Plants