Shanxi reform demonstration zone sustains high economic performance

(goshanxi.com.cn)

Updated: 2024-08-08

In the first half of this year, Shanxi Transformation and Comprehensive Reform Demonstration Zone saw an impressive 11.1 percent surge in the added value of industries above designated size, while fixed asset investment rose by 34.4 percent, industrial investment by 59.8 percent, and total import and export volume by 19.2 percent.

The zone saw 32 enterprises surpass designated size and another 36 enterprises included in the list of government statistical departments, collectively achieving 11.1 billion yuan ($1.55 billion) in output value. Notably, the manufacturing sector's added value soared by 15.3 percent, accounting for 76.8 percent share of the zone's added value of the industries above designated size.

Meanwhile, the zone oversaw the comprehensive management of 50 provincial key projects, achieving a 62.9 percent investment completion rate in the first half of the year and initiating 56 new reserve projects with a total investment of 40 billion yuan.

The high-tech manufacturing industry exhibited the most rapid growth at 18.4 percent, emerging as a leading sector. Prioritizing advanced manufacturing as the primary driver of new quality productive forces, the zone accelerated the establishment of new growth points, with key innovative enterprises like Housheng New Materials and Jinbo Biopharmaceutical maintaining a growth rate of over 40 percent.

By collaborating with Shanghai Waigaoqiao Free Trade Zone Group to separate management and operation, the zone filled gaps in the province's bonded import of large aircraft and "9610" cross-border e-commerce retail business, and established formal partnerships with companies like Honeywell and Guosen Securities in aviation material trade, boosting overall import and export activities.