Shanxi's investment attraction efforts bear fruit


North China's Shanxi province achieved remarkable results in attracting investment in 2020.

A whopping 3,124 investment promotion project deals were signed in the province, with a planned total investment of 1.97 trillion yuan ($305.04 billion), far beyond the annual investment target of 1.2 trillion yuan.

Among them, 2,546 projects started construction in the past year. A total investment of 207.41 billion yuan in attracted fixed-asset investment projects was in place in 2020, and 21.26 billion yuan was in place for non-fixed-asset investment projects. 

Shanxi dispatched some 800 people last year to carry out more than 50 business matchmaking activities in 30 Chinese cities, including Beijing, Tianjin, Shanghai, Chongqing, Guangzhou, Shenzhen and Xiamen. The matching events helped attract 687 companies (institutions), including 16 Fortune Global 500 enterprises, to sign 65 investment and cooperation agreements and promoted 18 projects to settle in the province. 

Meanwhile, the province organized local enterprises to participate in key exhibitions and fairs such as World Smart Energy Week in Tokyo, China Qinghai Investment and Trade Fair for Green Development and China International Fair for Investment and Trade, giving full play to these exhibition platforms to attract investment. 

The investment authorities in the province also improved investment services. They optimized the business environment by establishing a service mechanism for investors, which provided investment services to more than 100 investors and business people in 2020.