China proposes to further reshuffle its coal industry by setting higher thresholds for the scale of coal producers and encouraging mergers to form industrial conglomerates, the government said Monday.
Four of Shanxi province’s industrial bases recently got National Torch Special Industrial Base designation from the Science and Technology Ministry.
Companies in Shanxi province’s coal industry have reported total sales of more than 1 trillion yuan, in 2012, one month earlier than the original plan.
Shanxi enterprises that processed agricultural products had sales of 81.6 billion yuan, in 2012, for a year-on-year increase of 29.7 percent.
According to data from Shanxi province’s commerce bureau, published on Jan 27, foreign investment in Shanxi province grew further, in 2012, with foreign capital actually used amounting to $2.5 billion, or a year-on-year increase of 20.74 percent.
The Taiyuan Iron & Steel Group Co was given the 2012 China Creative Products award recently at the Strategic Seminar for Discovering China’s Creativity and 2012 China Creativity Gala.
Shanxi province’s finance department spent 130 million yuan in 2012, on its development zones to take advantage of any and all industrial opportunities.
Growth in the CPI of Shanxi province has been lower than the national average since 2010, for three years running. According to a Shanxi provincial government report at a CPI conference, CPI growth for 2010 was 3.0 percent, for 2011, 5.2 percent, and for 2012, it was 2.5 percent.
Shanxi province’s State-owned Assets Supervision and Administration Commission has reported that, in 2012, the Shanxi Coal Transportation and Sales (Group) Co had 185.02 billion yuan in operating revenue
The Taiyuan Customs office, in Shanxi province, has reported that foreign trade reached a historic high in 2012, with total import and export value at $15.04 billion, a year-on-year growth of 2 percent. Of that, exports totaled $7.01 billion, an increase of 29.4 percent, while imports hit $8.03 billion, down 13.9 percent.