Abstract
Industrial development is the pillar of regional economic development, and the development of tertiary industry is the focus of the entire industry. This paper conducted an in-depth analysis of the tertiary industry in Xinjiang from three aspects: output value, output value growth rate, and output value contribution rate. On this basis, this paper also analyzes the investment in fixed assets of Xinjiang’s tertiary industry and uses the gray correlation model to measure the correlation between fixed assets and output value. The results of the study show that from 2014 to 2019, the tertiary industry in Xinjiang has developed better overall. Among them, culture, sports and entertainment industry, information transmission, software and information technology service industry, education, health and social industry and other industries are developing very well, which is in line with the vision goal of the construction of the “Five Centers” in Xinjiang on the Silk Road Economic Belt.
Highlights
The Silk Road Economic Belt initiative was put forward in 2013, and Xinjiang in China is at the core of the new Silk Road Economic Belt
After the Silk Road Economic Belt initiative was put forward, what is the state of development of Xinjiang’s tertiary industry? Has there been a leap-forward development driven by this initiative? Relative research is relatively lacking
In 2014, they accounted for 0.76% of the tertiary industry, but rose rapidly to 26.1% in 2018, and reached 27.75% in 2019, becoming the industry with the highest contribution rate of median output; this is followed by information transmission, software and information technology services, which accounted for 6.4% of the tertiary industry in 2014, rapidly rose to 18.13% in 2018, and reached 20.97% in 2019
Summary
The Silk Road Economic Belt initiative was put forward in 2013, and Xinjiang in China is at the core of the new Silk Road Economic Belt. With the continuous advancement of the Silk Road Economic Belt initiative and the “Five Centers”, Xinjiang has become an important node city connecting Central Asia and Europe. Xinjiang will become the core area on the Silk Road Economic Belt. Existing studies include the contribution of manufacturing in the core area of the Silk Road Economic Belt to economic growth [1]. After the Silk Road Economic Belt initiative was put forward, what is the state of development of Xinjiang’s tertiary industry? In view of this issue, this paper conducts an in-depth study on the development of various departments of Xinjiang’s tertiary industry in recent years
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