China's State Council Information Office on Friday released a white paper titled "CPC Guidelines for Governing Xinjiang in the New Era: Practice and Achievements."
Wang Gang, deputy head of the Publicity Department of the Communist Party of China (CPC) Central Committee, elaborated on the contents of the white paper at a press conference in Beijing on Friday.
"The white paper systematically outlines the history, essence and successful practices of the CPC Guidelines for Governing Xinjiang in the new era. With abundant historical records and detailed data, it fully demonstrates how the guidelines have been formulated, why Xinjiang has achieved historical progress in economic and social development, and how the successful governance of Xinjiang by the CPC can be sustained. The purpose of releasing the white paper is to help people better understand the CPC Guidelines for Governing Xinjiang in the new era," said Wang.
"The white paper has about 21,000 words and consists of three parts, namely a preface, the main text, and a conclusion. The first three chapters of the main text introduce the historical philosophies and experiences of the central authorities in governing Xinjiang, give an account of the history of the CPC governance in the region, and expound on the rich connotations of the CPC Guidelines for Governing Xinjiang in the new era. Chapters four to ten showcase the remarkable achievements Xinjiang has scored in reform, development and maintaining stability under the strong leadership of the CPC Central Committee with Comrade Xi Jinping at its core, and under the guidance of the CPC Guidelines for Governing Xinjiang in the new era," said Wang.
According to the white paper, today's Xinjiang is experiencing the best period of development in its history.
Solid steps have been taken to govern the region in accordance with the law, maintain stability through ethnic unity, strengthen cultural identity and bonds, bring greater prosperity to the region and its people, and develop Xinjiang from a long-term perspective, said the document.
This year marks the 70th anniversary of the founding of Xinjiang Uygur Autonomous Region.
China issues white paper on CPC guidelines for governing Xinjiang in new era
China issues white paper on CPC guidelines for governing Xinjiang in new era
U.S. stocks sank on Thursday as an escalating conflict in the Middle East and a renewed surge in oil prices weighed heavily on Wall Street.
The Dow Jones Industrial Average fell 1.61 percent to 47,954.74. The S and P 500 sank 0.56 percent to 6,830.71. The Nasdaq Composite Index shed 0.26 percent to 22,748.99.
Eight of the 11 primary S and P 500 sectors ended in the red, with consumer staples and materials leading the laggards by dropping 2.43 percent and 2.27 percent, respectively. Energy and technology led the gainers by adding 0.59 percent and 0.39 percent, respectively.
Oil prices jumped significantly after Iran announced it had struck an oil tanker with a missile. U.S. benchmark West Texas Intermediate crude futures for April delivery surged 8.51 percent to settle over 81 U.S. dollars per barrel, reaching their highest level since July 2024. International benchmark Brent crude futures for May delivery advanced 4.93 percent, trading above 85 dollars per barrel. These sharp upward movements in energy markets drove major swings across equities throughout the trading session.
As Iran is the fourth-largest producer in the Organization of the Petroleum Exporting Countries, concerns are mounting that the conflict's impact on production capabilities could have wide-ranging effects across global commodities. The soaring energy prices have also sparked fears among investors that persistent inflationary pressures might force the Federal Reserve to re-evaluate its anticipated interest rate cuts in an already volatile market environment.
In the bond market, the yield on the benchmark 10-year U.S. Treasury note climbed to near 4.14 percent, up from Wednesday's close of approximately 4.1 percent. The yield, which heavily influences consumer borrowing costs across the broader economy, has risen consecutively every day this week after ending the previous week at 3.95 percent.
In corporate developments, Advanced Micro Devices lost 1.3 percent following a report that the U.S. government drafted rules restricting AI chip shipments without its approval.
Conversely, telecommunications equipment provider Ciena dropped 12.88 percent, and StubHub retreated 12.39 percent. Costco Wholesale, which is scheduled to report its quarterly results after the market closes, fell 2.4 percent during regular trading hours.
On the economic calendar, Friday features a highly anticipated monthly jobs report, offering investors another read on the labor market's health.
U.S. stocks sink as Middle East tensions trigger oil price surge
