North China's Shanxi province unveiled its investment promotion achievements for 2024 on Feb 17. Data shows that in 2024, the province signed agreements for 3,132 investment projects with a total contract amount of 1.49 trillion yuan ($204.55 billion).

Among these projects, over 2,350 (more than 75 percent of the total) commenced construction in 2024. There were 1,323 new projects with an investment of over 100 million yuan, accounting for 42.2 percent of the total, including 49 projects valued at over 5 billion yuan.

In 2024, governments at all levels in the province and various departments prioritized the promotion and attraction of investment. They organized 26 high-level investment promotion events in regions such as the Beijing-Tianjin-Hebei area, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area. Additionally, they worked to attract investment from countries like Spain, Italy, Hungary, Germany, the Netherlands, France, and Denmark and invited entrepreneurs and government officials from Spain, Germany, Vietnam, and Italy to visit Shanxi for inspections.

Throughout the year, 1,755 entities, including companies, government agencies, universities, research institutions, and industry associations, were engaged and arrangements were made for a total of 224 companies to participate in over 20 exhibition events.

From January to November, the province's industrial investment increased by 7.6 percent year-on-year, with a growth rate 5.1 percentage points higher than that of overall investment, contributing 3 percentage points to investment growth.