The Information Office of the Shanxi Provincial Government held a press conference on June 13 to interpret Shanxi province's policies and measures to stabilize investment.

The province has issued seven policies and measures to stabilize investment, including the transformation and upgrading of traditional industries, the development and expansion of emerging industries, and the guarantee of project land. 

For instance, Shanxi has expanded industrial investment focusing on 10 industrial chains, namely special steel materials, new energy vehicles, high-end equipment manufacturing, wind power equipment, hydrogen energy, aluminum and magnesium deep processing, photovoltaics, modern medicine, third-generation semiconductors, and synthetic biology.

For key projects in the fields of industrial foundation reconstruction, intelligent manufacturing demonstration, green manufacturing promotion, and the integration of industrialization and informatization, discount interest and subsidy support of up to 15 percent of the project's fixed asset investment will be given.

From January to May this year, Shanxi approved a total of 392 construction lands covering about 4,733 hectares, of which 78.3 percent were used for key projects.