Dual engines of investment and consumption fuel Shanxi economy

(goshanxi.com.cn)

Updated: 2025-12-09

Since the beginning of the 14th Five-Year Plan period (2021-25), Shanxi province has seen stable economic growth driven by both investment and consumption. The interplay between these two drivers is strengthening, especially in culture, tourism, new energy, and the digital economy.

The province has launched over 2,000 key provincial projects, with investments surpassing 1 trillion yuan ($141.42 billion). Notably, the Jining-Datong-Yuanping High-Speed Railway is now complete and operational, connecting northern Shanxi into the national high-speed rail network. Additionally, upgrades to the Watang-Rizhao Railway have created a new channel for coal transportation.

Key tourist attractions have consistently achieved double-digit growth in visitor numbers, ticket sales, and business revenue. Cultural tourism IP offerings like the "Travel Shanxi with Wukong" have significantly boosted the province's tourism brand influence.

The implementation of policies – such as creating new consumption scenarios and cultivating new consumer brands – has injected strong momentum into the consumer market. By the end of October this year, these policies had stimulated consumption exceeding 77 billion yuan ($10.78 billion). The total retail sales of consumer goods in the province continued to grow, with the annual average growth rate of resident consumption standing at 7.6 percent, surpassing the national average.

Shanxi will continue to focus on upgrading traditional consumption and enhancing service consumption. The province also plans to implement major projects with strong demonstrative effects, focusing on infrastructure development, industrial transformation, and improving people's livelihoods.