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Investing in Shanxi

Located in Northern China, the province of Shanxi is acknowledged as one of the most important sources of raw materials and natural resources in China. Besides, Shanxi province’s economy is based on heavy industry and coal exploitation. Taiyuan is the capital and the largest city of the province. The province of Shanxi covers a total surface area of 156,000 km2 with a population of 34.5 million inhabitants.

Local authority data shows that Shanxi province recorded total exports of USD 13 billion and total imports of USD 9 billion, with 3,381 established foreign investment companies. In addition to an average urban salary of USD 9,962.

In terms of GDP among the provinces in China, Shanxi ranked 21st, reaching USD 256 billion in 2020 and USD 245 billion in 2019 with a GDP per capita of USD 6,859. Along with GDP growth of +6.2% in 2019 and +3.6% in 2020.

Main Economic Centers (GDP) in Shanxi

  • Taiyuan (USD 60 billion)

  • Changzhi (USD 25 billion)

  • Yuncheng (USD 24 billion)

  • Luliang (USD 22 billion)

  • Jinzhong (USD 22 billion)

Main Sectors in Shanxi

  • New materials

  • Industrial machinery

  • Automotive

  • Raw materials

Main Industrial Areas in Shanxi

  • Taiyuan Economic and Technological Development Zone

  • Datong Economic and Technological Development Zone

  • Jincheng Economic and Technological Development Zone

  • Jinzhong Economic and Technological Development Zone

  • Taiyuan High-tech Industrial Development Zone

  • Changzhi High-tech Industrial Development Zone

  • Taiyuan Wusu Comprehensive Bonded Zone


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