Throughout 2024, North China's Shanxi province witnessed steady growth by expanding beneficial investments and stimulating potential consumption, enhancing its economic strength.

From January to November, Shanxi completed 57 billion yuan ($7.78 billion) in fixed asset investments in the transportation sector, accounting for 95 percent of the annual target. The province promoted beneficial investments through project construction, leading to a 2.5 percent year-on-year increase in fixed asset investments.

Shanxi also promoted trade-in consumption in automotive and home appliances by enhancing policy support and holding promotional activities. Statistics show that over 1.5 million people in the province participated in trade-in programs, driving consumption exceeding 30 billion yuan.

Holiday events boosted transportation, accommodation, dining, and tourism-related spending and generated new business opportunities. In the first three quarters of 2024, Shanxi welcomed 318 million domestic tourists, marking a 13.88 percent year-on-year increase. Tourism expenditures reached 276.15 billion yuan, a 25.91 percent increase.

The province also fostered new sports scenarios, unleashing the potential of sports-related spending. By the end of November, over 170 sports events had been held, directly stimulating over 90 million yuan in consumption and indirectly exceeding 350 million yuan.