Investing in Shaanxi
Located in Northwest China, the Province of Shaanxi is acknowledged to be rich in natural resources and mineral deposits, coal, natural gas and oil. Besides, Shaanxi province is an important center for research and technological development, attracting human capital and investment in High-tech sectors such as aviation and electronics. Xi’an is the capital of Shaanxi province and one of the oldest cities in China. The Province of Shaanxi covers a total surface area of 205,800 km2 with a population of 39.5 million inhabitants.
Local authority data shows that Shaanxi Province recorded total exports of USD 28 billion and total imports of USD 27 billion, with 5,856 established foreign investment companies. In addition to an average urban salary of USD 10,878.
In terms of GDP among the provinces in China, Shaanxi ranked 14th, reaching USD 379 billion in 2020 and USD 371 billion in 2019, with a GDP per capita of USD 9,788. Along with GDP growth of +6.0% in 2019 and +2.2% in 2020.
Main Economic Centers (GDP) in Shaanxi
Xi’an (USD 145 billion)
Yulin (USD 59 billion)
Baoji (USD 33 billion)
Xianyang (USD 32 billion)
Weinan (USD 27 billion)
Main Sectors in Shaanxi
Automotive
Raw materials
Electronics
Chemical
Main Industrial Areas in Shaanxi
Shaanxi Pilot Free Trade Zone
Xi’an Economic and Technological Development Zone
Shaanxi Aviation Economic and Technological Development Zone
Shaanxi Aerospace Economic and Technological Development Zone
Hanzhong Economic and Technological Development Zone
Yulin Economic and Technological Development Zone
Xi’an High-tech Industrial Development Zone
Baoji High-tech Industrial Development Zone
Xianyang High-tech Industrial Development Zone
Yangling Agricultural High-tech Industrial Demonstration Zone
Yulin High-tech Industrial Development Zone
Xi’an Comprehensive Bonded Zone
Xi’an Export Processing Zone, Shaanxi
(Shaanxi) Pilot Free Trade Zone
Established in 2017 has the purpose to facilitate the implementation of the Belt and Road Initiative and the development of the Western regions, by creating a legally compliant commercial environment.
The target industries are high-end manufacturing, aviation, financial services, education, cultural exchanges, healthcare, tourism, modern logistics, e-commerce, agricultural sciences. Besides, the functional areas include the Xi’an International Logistics Park area (26.4 sq. km), Central area (87.8 sq. km), and Yangling Demonstration area (5.8 sq. km).