Tech gains in Shanxi set pace for steady future
Government work report hails progress in green energy, digital economy and welfare
Looking to 2025, the government work report projected a year-on-year GDP increase of about 5 percent, a rise of more than 6 percent in fixed asset investment, and 5 percent growth in the retail of social consumer goods. It also expected the installation capacity of green electricity to account for more than 50 percent of Shanxi's total power generation capacity this year.
In the report, Governor Jin highlighted promoting high-quality growth and advancing Shanxi's economic transformation through fostering new quality productive forces.
Shanxi's economic transformation features the cultivation of emerging industries and upgrading traditional industries like coal mining via high technology and the digital economy. In this process, innovation is crucial.
In 2024, Shanxi's ranking in innovation capacity increased five places in a national assessment, according to the work report.
An example is that Taiyuan Heavy Industry Transit Equipment was named in the latest Global Lighthouse Network list revealed by the World Economic Forum on Oct 8, becoming the world's first lighthouse factory in the rail equipment industry.
