Taiyuan makes progress in intercity economic zone development

The Taiyuan-Xinzhou Integrated Economic Zone (Taiyuan section) in Taiyuan, capital of North China's Shanxi province, has achieved stable growth in its major economic indicators in the first half, the Taiyuan municipal government said on Oct 30. 

In March 2021, the State Council released guidelines for the 14th Five-Year Plan (2021-25), requiring Shanxi to foster a city cluster in its central region. The economic zone, which officially opened on Dec 29, comprises two sections in Taiyuan and Xinzhou. 

From January to June, the gross domestic product of the Taiyuan section of the zone hit 158.19 billion yuan ($21.68 billion), marking year-on-year growth of 6.3 percent. The added value of enterprises above designated size – those with annual sales revenue of more than 20 million yuan – reached 29.81 billion yuan, up 4.1 percent. 

As of now, there are 602 projects in the Taiyuan section of the zone, with a total investment of 912.6 billion yuan. Among them, 38 projects with a total investment of 280.8 billion yuan are included in key provincial-level projects. 

Taiyuan has identified Daiyu New Industrial City as an important breakthrough and focused on improving public service facilities there. Currently, the infrastructure of the 4.6-square-kilometer core area of Daiyu New Industrial City, including its road network and landscape greening, has been completed.

In addition, the Taiyuan section of the zone has focused on building industrial clusters in new materials, high-end equipment manufacturing, and third-generation semiconductors, aiming to create industrial clusters with an output value worth hundreds of billions of yuan.