Economy in Shanxi experiences robust growth


North China's Shanxi province saw robust growth in its major economic indicators in 2021, according to a meeting held by Shanxi Department of Commerce on Jan 10.

From January to November, the industrial added value of 69 industrial development zones in the province reached 275.29 billion yuan ($43.21 billion), an increase of 18.6 percent year-on-year and accounting for 31.8 percent of the province's total.

Some 2,158 projects introduced to the province kicked off construction and 161.13 billion yuan in funds for fixed asset investment projects were in place during the period.

The value of the province's foreign trade in the period was 204.14 billion yuan, up 58.1 percent year-on-year, while the growth rate ranked third in the country.

There were 115 newly registered foreign-funded enterprises in Shanxi, a year-on-year increase of 17.4 percent, while the actual utilization of foreign capital grew 16.3 percent year-on-year to $240 million. 

Foreign direct investment undertaken by Shanxi businesses from January to November increased 41.1 percent year-on-year to $230 million. Meanwhile, the turnover of foreign-contract projects reached $1.42 billion, up 3.5 percent year-on-year. 

Total retail sales of consumer goods increased 17.7 percent in Jan-Nov period, 4 percentage points higher than the national level.

Moreover, seven demonstration counties for rural e-commerce were added. Digital consumer coupons worth 430 million yuan were issued by local government, driving spending of 5.92 billion yuan.