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Yangquan sets nine key economic tasks for 2025

Updated: 2025-01-14

Yangquan in Shanxi province outlined nine key economic tasks for 2025 at an economic work conference on Jan 8. These tasks consolidate economic recovery, boost consumption and investment, and promote sustainable development. 

The city will coordinate efforts across primary, secondary, and tertiary industries to consolidate its positive recovery momentum. This involves stabilizing the primary sector, utilizing the secondary sector's leading role, and enhancing the tertiary sector's support capacity. 

Yangquan will focus on expanding effective consumption and investment. It plans to implement special actions to boost and enrich consumption scenarios and create a better consumer environment. Authorities will launch an initiative to accelerate key infrastructure, industrial, and well-being projects, expanding effective investment. 

The city will accelerate green coal mining and intelligent coal mine construction to strengthen new, high-quality productive forces. It will also promote the in-depth integration of digital and real economies, expand the functionality of the urban brain platform, and deepen the construction of a smart new city. 

Yangquan plans to broaden new spaces for high-quality development by implementing an open pattern reshaping strategy, including regional coordinated development and undertaking the spillover of industries, talents, and elements from eastern China. 

It will accelerate the construction of a model city for urban-rural integration and common prosperity, enhance new urban areas, renew old ones, improve urban functions, and elevate urban capacity.

The city will promote a green and low-carbon transition by implementing the Yangquan Carbon Peak Action, developing the resource recycling industry, and accelerating the comprehensive green transformation of economic and social development.

It will focus on improving people's well-being by coordinating medical care, social security, and elderly care, aiming to weave a dense social security net.

Yangquan aims to build a safety development barrier by preventing and resolving risks in key areas such as real estate, local debts, and small and medium financial institutions. The city will advance a three-year action plan to tackle the root causes of production safety and build a safer Yangquan.