Shanxi yields outstanding results in investment promotion in 2023

In 2023, North China's Shanxi province showcased numerous achievements in its investment promotion work, such as a series of large-scale and high-impact projects that have settled in the province.

These achievements have contributed to the province's high-quality economic and social development.

A spectacular city view of Taiyuan, capital of Shanxi. [Photo/Shanxi Daily]

Throughout the year, Shanxi signed 3,108 investment promotion contracts, totaling an impressive 1.58 trillion yuan ($218.62 billion). Of these, 2,641 projects commenced construction within the year. These projects completed a total planned investment of 584.06 billion yuan, with 157.36 billion yuan in fixed asset investment funds already in place.

During the year, the Shanxi Provincial Investment Promotion Bureau organized and implemented the "2023 Action Plan for Investment Promotion in Shanxi Province", with 93 major investment promotion activities completed.

The bureau also formulated a series of policies and guidelines for investment promotion, providing a robust guarantee for further enhancing the project planning quality, improving investment promotion levels, optimizing the investment environment, and advancing the project implementation and construction.

Additionally, Shanxi deepened its cooperation with the Beijing-Tianjin-Hebei region, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area in 2023 by organizing over 30 high-profile investment promotion activities.

Meanwhile, Shanxi organized 11 investment promotion activities in countries including Germany, Austria, France, the United Kingdom, and Spain, further enhancing the province's influence on the international stage.