Shanxi's economy develops steadily in Jan-Oct


Updated: 2021-11-23

The economy of North China's Shanxi province maintained stable development in the past 10 months, with major economic indicators' growth rates exceeding national averages, according to the Shanxi Statistics Bureau on Nov 18.

From January to October, the value added of industrial enterprises above designated size – those with annual revenues of 20 million yuan ($3.13 million) or more – increased 13.5 percent year-on-year, 2.6 percentage points higher than the national growth rate.

The province saw rapid growth in imports and exports over the 10 months. Its foreign trade grew 69.2 percent year-on-year to 187.63 billion yuan, with the growth rate significantly higher than the national average.

During the same period, the general public budget revenue reached 239.86 billion yuan, up 27.1 percent year-on-year, while general public budget expenditures declined 0.7 percent year-on-year to 398.5 billion yuan. 

The consumption market continued to pick up with the province's total retail sales of consumer goods valued at 636.07 billion yuan, a year-on-year increase of 20.1 percent and 5.2 percentage points higher than the national average. 

The tourism industry maintained its steady recovery from the COVID-19 pandemic. Major tourist attractions in the province received 37.17 million visits and generated 1.07 billion yuan in ticket revenues from January to October, up 8.5 percent and 89.0 percent year-on-year, respectively.

In addition, 462,000 new jobs were created in cities and towns in Shanxi, an increase of 35,000 year-on-year, while 474,000 rural laborers found employment outside their hometowns, an increase of 151,000 year-on-year.