Why Shaanxi

2017-08-24 10:17:15 , Source : The Government Website of Shaanxi Province

(I) Development Situation and Characteristics

2016 is the start of the "13th Five-Year Plan". Confronted with complex and changeable international environment and domestic downward economic pressure, Shaanxi Province adhered to the keynote of seeking progress while maintaining stability and the new development philosophy. Taking supply-side structural reform as the main line, Shaanxi achieved a steady and firm opening and a good start of the "13th Five-Year Plan" through painstaking efforts and overcoming various difficulties. The annual GDP reached RMB 1.92 trillion, a year-on-year increase of 7.6%. To be specific, the primary industry, the secondary industry and the tertiary industry respectively had an annual increase in added value of 4.0% to RMB 169.384 billion, 7.3% to RMB 939.088 billion and 8.7% to RMB 808.067 billion. The proportion distribution of the primary, secondary and tertiary industry was 8.8:49.0:42.2. The provincial per capita GDP increased by 7.0% to reach RMB 50,395.

In the opening year of the "13th Five-Year Plan", Shaanxi’s economic development took on some new features as follows:

First, the emerging industries grew rapidly. The output value of high-tech industries grew by 27% and the strategic emerging industry’s added value accounted for over 10.7% of the provincial GDP, which exemplified a considerable growth of new economic drivers.

Second, the new pillar industries were growing gradually. Large transport airplanes were formally included into the military equipment sequence; Xinzhou airplane series were produced in large quantity; the output of cars reached 420,000; 10 industrial clusters evaluated at RMB 100 billion, which respectively focused on high-end coal chemical industry, intelligent robots, intelligent terminals, etc., rose rapidly.

Thirdly, there was a booming inner vitality for Shaanxi's economic development. Shaanxi further propelled mass entrepreneurship and innovation. The number of its newly registered private enterprises increased by 23%; its total market entity volume reached 2.11 million; the proportion of its non-public economy topped 53.8%.

Fourth, Shaanxi saw a steady growth in its fixed-asset investment. The annual investment in fixed assets totaled RMB 2.05 trillion, an increase of 12.3%. Some major projects like production of 200,000 finished vehicles by the Baoji Jili Automobile Co., Ltd. and the “coal to olefin” project in Pucheng by the Shaanxi Coal and Chemical industry Group Co., Ltd. were successfully put into production.

(II) Opening Situation and Highlights

Around the construction of a new highland for the reform and opening up in China’s inland areas, Shaanxi further pressed ahead with the development of the "Belt and Road" initiative and accelerated the forming of an all-dimensionally expanded opening layout. Against the backdrop of a decrease in national goods import and export, Shaanxi witnessed a rise in its foreign trade with a turnover of RMB 197.57 billion, of which the export revenue was RMB 104.5 billion, a year-on-year increase of 13.8%, which ranked the second nationwide. Shaanxi also made new progress in investment attraction. Introduced domestic investment reached increased by 10.1% up to RMB 623.1 billion; introduced foreign investment increased by 8.4% up to USD 5.01 billion, adding momentum to the economic development.

In the past one year, there emerged new highlights for Shaanxi’s expanded opening.

- 3 Sino-Europe railways from Xi’an to Moscow, Warsaw and Hamburg respectively and one freight airline from Xi’an to Amsterdam have been opened, strengthening infrastructure connectivity among the countries along the “Belt and Road”.

- 13 countries including Britain have set up visa application centers in Xi’an;

Malaysia and Cambodia have set up consulates in Shaanxi, providing advantageous conditions for deepening “Belt and Road” economic cooperation and cultural exchanges

- Grand events were successfully hosted including International Seminar on the “Belt and Road” initiative, 2016 Silk Road International Exposition and the 20th Investment and Trade Forum for Cooperation between East & West China, the 3th Silk Road International Film Festival and Art Festival, G20 Agriculture Deputies Meeting and Women-20 Meeting, which highlighted Shaanxi's new image of opening.

- The state has approved the establishment of China (Shaanxi) Pilot Free Trade Zone, which demonstrates that Shaanxi is standing at the frontline of a new-round opening to the outside world.

- 146 local approval items assigned by the central government have been cancelled and 14 provincial approval items have been abolished or delegated to lower governments, which has further optimized the business climate.

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