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Yangquan accelerates industrial development

Updated: 2023-05-23

Yangquan city in North China's Shanxi province has given full play to the basic and critical role of investment in bolstering its steady economic growth and a modern industrial system development.

Since the beginning of this year, the city has launched plans to attract more investment, and focused on undertaking industrial transfers from the Beijing-Tianjin-Hebei region, the Yangtze River Delta region, and the Guangdong-Hong Kong-Macao Greater Bay Area. 

From January to April, Yangquan's industrial investment increased 8.8 percent, high-tech industrial investment was up 35.2 percent, and investment in new infrastructure projects rose 87 percent. 

The city also launched a series of activities to boost the recovery and upgrading of consumption. 

Zhao Jianjun, director of the Yangquan development and reform commission, said the city's development and reform departments will focus on crafting high-quality projects in key areas such as new energy, new materials, digital economy, and equipment manufacturing. 

In addition, Yangquan will incubate and increase market entities, stimulate consumption, improve its business system, stabilize foreign trade growth, and advance the innovation of development zones.