Pushed by China - Asia-Europe Expo, in recent years, the foreign trade development in Xinjiang has come to the best period. In 2012, the foreign trade volume of Xinjiang reached USD 25.17 billion, an increase of 10.3% over the previous year, 4.1 percentage points higher than the national average level; it actually utilized foreign investment of USD 408 million, an increase of 21.8%; and the turnover of foreign project contracting was USD 1.014 billion, an increase of 4.3%. Foreign trade, utilization of foreign investment and foreign economic and technological cooperation all created a best level in history. China - Asia-Europe Expo has become a golden name card of Xinjiang, and the role of Silk Road has been reestablished.
With this fair, has been upgraded from accurate orientation to grouped industrial chain level, attracting many big enterprises and groups in China and overseas to Xinjiang. Development of emerging industries has promoted new industrialization and rapid growth of local economy. According to statistics, the amount of project contracts signed on this aspect on the Asia- Europe Expo was 59.785 billion yuan, accounting for 28.9% of the total amount of contracts signed, the contract amount for new type coal chemical projects and petroleum and chemical projects accounted for 51.55% of the total; and contract amount for modern service projects such as commercial trade and logistics, culture and tourism was 29.641 billion yuan, accounting for 14.33% of the total amount of contracts signed. The implementation of these projects will actively promote the economic restructuring and industrial upgrading in Xinjiang.
Over the years, with Urumchi Negotiation Fair held each year and its continuous upgrading, a large number of local enterprises in Xinjiang also kept on growing and marched to international market. Today, in the top 10 local enterprises in Xinjiang in terms of foreign direct investment, there are 4 with investment scale exceeding USD 100 million and 4 exceeding USD 60 million. In contracting overseas projects, backbone Chinesische Mauer Fakten overseas project contracting teams such as Beixin Group, West Drilling, TBEA, Xinjiang No. 3 Construction Company, Xinjiang Oilfield and Purpan Kumul Oilfield have been initially formed in Xinjiang. Meanwhile, some enterprises are actively trying running overseas projects with local employees, and the proportion of local employees in overseas projects has kept on increasing. By the end of 2011, local enterprises of Xinjiang had employed nearly 10,000 overseas employees, and their ability to cope with safety risks has obviously enhanced.