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With the change of government approaching, investment impulses in various places are frequent. The media quoted the forecast of the China Investment Association that investment in 2013 will increase by 24%, and the total investment will exceed 45 trillion yuan. Some experts predict that after the new leadership team takes office, it is expected that there will be an investment boom that will last for 3-5 years, which will drive China's economic growth at an average annual rate of 7% over the next 10 years. Among them, the rapid growth of investment in the Midwest is particularly eye-catching. Zhao Changmao, an economist and member of the Central Party School Committee, said: "The central and western regions are entering a period of rapid development, mainly driven by investment. Both domestic and foreign capital are moving to the central and western regions."
With the successive convening of local two sessions, the impulse for local investment has revived after the change of term. Provinces and cities in the central and western regions have increased their investment, and trillions of investment plans have frequently appeared, and the central and western regions have ushered in new development opportunities. However, some experts pointed out that due to the vast land and sparse population in the western provinces and regions, although the "12th Five-Year Plan" requires all backward electrolytic aluminum production capacity to be eliminated, electrolytic aluminum companies are moving to the west, where they are staking land and obtain resources. The company has accumulated potential for subsequent development.
Low cost in the west
"Although the policy has repeatedly called for the elimination of backward electrolytic aluminum production capacity, everyone is still working hard to launch large-scale electrolytic aluminum projects, and the problem of aluminum surplus has always existed." Business Club analyst Fan Yanxia said in an interview with China Business Times. According to an unnamed industrial and commercial person in Urumqi, Xinjiang, disclosed to the China Business Times that the aluminum industry is a heavily polluting industry and does not conform to national policies. my country's electrolytic aluminum enterprises are concentrated in Shandong, Henan and other places, but since the middle of last year, many electrolytic aluminum small and medium-sized enterprises there have reduced or even stopped production on a large scale, and some enterprises are migrating westward on a large scale. Xinjiang is full of Gobi, so the local government has widely absorbed them to improve their political performance, including China Aluminum Group, Shenhuo Group, Qiya Aluminum Power, and Eastern Hope Group. These enterprises have nearly completed their factories in the west.
