Changfeng Street in Xiaodian district [Photo/tyxd.gov.cn]

Xiaodian district in Taiyuan, capital of North China's Shanxi province, was recently included on the CCID list of China's top 100 districts in 2021 released by the CCID Urban Economic Research Center.

CCID was China's first listed consulting company. Districts on the list must have a GDP of at least 80 billion yuan ($12.32 billion) and have over 2 billion yuan in general public budget revenue. The economic development level of 906 districts in prefecture-level cities across the country was evaluated. 

The evaluation was based on 23 secondary indicators and more than 70 reference indicators related to economic strength, growth momentum, shared development, and more. 

Xiaodian district ranked 62nd on the list and was the only municipal district in Shanxi to be shortlisted. 

Taiyuan South Railway Station in Xiaodian district [Photo/tyxd.gov.cn]

In recent years, Xiaodian district has thoroughly adhered to a new development concept and has strongly promoted industrial transformation and upgrading by carrying out 162 key transformation projects with an investment of 85 billion yuan currently in place. 

The district was the first in the province to reach 100 billion yuan in GDP in 2020, with its GDP amounting to 106.37 billion yuan and accounting for 25.6 percent of Taiyuan's overall GDP.

It has continued to promote strategic emerging industries and has eliminated all low-quality, high-consumption, and heavily-polluting enterprises.

Its local business environment has been further optimized as well. Administrative approval procedures and handling time for business items have been reduced by over 20 percent and 50 percent, respectively.

The district is currently home to 160,000 market entities, an increase of 26.7 percent year-on-year.