During a recent press conference organized by the Publicity Department of the Shaanxi Provincial Committee of the Communist Party and the News Office of the Shanxi Provincial Government, key economic developments were highlighted. The event took place on October 17 in Taiyuan, where it was announced that Shanxi Province signed 1,296 investment projects in the first half of the year, totaling an impressive 737.91 billion yuan.
In recent years, Shanxi has been actively working to both “go out” and “bring in” investments. The province has continually innovated its approach to attracting investments, enhancing its image, and accelerating the pace of investment acquisition to ensure tangible results.
Wang Hongjin, Secretary of the Party Leadership Group and Director of the Shanxi Provincial Department of Commerce, noted that the province has leveraged significant platforms such as the Summer Davos Forum, the Yabuli China Entrepreneurs Forum, the Import Expo, and the Canton Fair to conduct specialized investment promotion activities. Among the highlights were the 2023 Yabuli China Entrepreneurs Forum Innovation Annual Meeting and “Shanxi Night,” both of which drew considerable attention.
Additionally, Shanxi is promoting a “Government + Leading Enterprises + Parks” investment model. The province has developed targeted plans for industrial chain investments, consistently refining and updating its key 16 industrial chain maps. A total of 312 major provincial investment projects have been packaged and planned. As a result, the province signed 1,296 investment projects in the first half of the year, accumulating a signed investment amount of 737.91 billion yuan.
Moreover, Shanxi has also achieved record highs in foreign investment. In 2022 and 2023, actual foreign investment reached $826 million and $1.284 billion, respectively, marking year-on-year growth rates of 239.8% and 55.4%, with the province ranking second nationally for growth rate for two consecutive years.
