2025年以来，兵团工信系统围绕兵团七大主导产业和21条重点产业链，全力推进三个"千百十"亿工程， 常态化开展工业经济运行调度，加快重大项目建设，构建优质企业梯度培育机制，扎实推进中小企业数 字化转型和制造业新型技术改造城市试点工作，强化企业服务保障，不断巩固工业经济稳中向好态势。 兵团工业和信息化局相关负责人表示，将认真落实领导干部包联制度，全力保障工业企业稳产满产，促 进工业投资项目加快建设；聚焦兵团工业企业100强和"三张清单"529个工业投资项目，以"三个全覆 盖"专项行动为抓手，深挖企业技改潜力，激活存量、扩大增量。 经开区承载能力增强，支撑作用日益凸显。2025年1至11月，兵团重点监测的19个经开区规上工业总产 值较上年同期增长8.2%，其中13个经开区增速超过10%。铁门关经济技术开发区、喀什经济开发区兵团 分区、霍尔果斯经济开发区兵团分区、昆玉经济技术开发区等增长势头强劲，经开区工业经济运行保持 多点发力、齐头并进、提质提速的良好态势。 新建投产企业带动作用突出。2025年1至11月，兵团新建投产规上工业企业95家，规上工业企业总数达 1481家，新建投产企业增加值对工业增长的贡献率达43. ...

Report Industry Investment Rating No relevant content provided. Core Viewpoint of the Report Benefiting from continuous strong support from the central government, the uniqueness of the Corps system, and its prominent resource endowment and development foundation, Xinjiang has a strong willingness to repay debts and a good foundation for debt repayment. Despite the existing debt pressure on local governments and platform enterprises, the overall regional debt risk is controllable. However, factors such as the high dependence on resource-based industries, the development gap between northern and southern Xinjiang, rigid investment expenditures for regional stability and infrastructure improvement, and the information and resource allocation under the "dual-track system" of the autonomous region and the Corps may pose constraints on debt management [7][55]. Summary by Relevant Catalogs 1. Analysis of Xinjiang's Debt Repayment Will Supported by Central Policy Empowerment and the Resilience of the Corps System - Xinjiang has a unique geopolitical position and a prominent strategic status, with large-scale rigid expenditure needs. Its economic and fiscal strength is limited, and local fiscal self-sufficiency is weak. The central government has been providing support policies and large-scale transfer payments, which strongly support its strong debt repayment will [4][11]. - In 2024, Xinjiang received a total of 418.284 billion yuan in general budget and government fund budget subsidies from the central government. The scale of general budget subsidies from the central government in recent years has been among the top in ethnic minority autonomous regions and the five northwestern provinces [14]. - The special Corps system strengthens Xinjiang's overall debt repayment will. The "Agricultural Sixth Division default event" in 2018 reflected the problem of debt repayment resource mismatch caused by the deep - seated interwoven relationship between the autonomous region and the Corps system, but it also became an opportunity to strengthen debt management [19]. - After the default event, Xinjiang and the Corps strengthened debt risk control, increased the investigation of hidden debts, and established a debt risk accountability system. The central government also supported debt risk resolution through transfer payments and special bond quota allocation [21]. - In terms of historical debt repayment performance, Xinjiang has basically held the bottom line of urban investment debt risk. Except for the 2018 Agricultural Sixth Division bond default, there have been no other bond default events, and there are few credit risk events such as non - standard defaults and bill overdue [24]. 2. Analysis of Xinjiang's Debt Repayment Guarantee Ability under the Linkage of Resource Economy and Central Support - Supported by policies and resource endowments, Xinjiang's economy and finance have maintained a relatively fast growth trend. Since the 14th Five - Year Plan, Xinjiang has shifted its focus to economic development, and the "Ten Industrial Clusters" development plan has been released, with good future economic development prospects [27][30]. - Xinjiang's fiscal revenue is resource - driven. Abundant resources can provide liquidity support for debt risk prevention, and there is still room for industrial structure upgrading. Its low dependence on land finance makes its fiscal revenue less affected by the real estate downturn [34]. - However, the high dependence on resource - based industries and the development gap between northern and southern Xinjiang lead to insufficient economic stability. Rigid investment expenditures for regional stability and infrastructure improvement may hinder debt resolution [37][42]. 3. Analysis of Xinjiang's Local Debt Repayment Pressure under the Background of the Package Debt Resolution Policy - Xinjiang's overall debt scale and debt ratio are at the middle and lower levels in the country. The debt repayment pressure exists but is relatively controllable, and there is still some room for debt - raising in future economic development [6]. - Since the implementation of the package debt resolution policy, Xinjiang has issued a large - scale of special refinancing bonds and special new special bonds to resolve local government debts. The regional financing environment has been effectively improved, the issuance cost of platform bonds has significantly decreased, and the bond term has been extended, effectively alleviating the debt pressure [6][50]. 4. Summary Xinjiang has large - scale rigid expenditure needs, limited economic and fiscal strength, and weak local fiscal self - sufficiency. The government and enterprises have certain debt pressure. However, with the support of the central government and the improvement of debt management, the region has good development prospects. Although there are some factors restricting debt management, the overall regional debt risk is controllable [55].