Shanxi to boost high-quality development of private economy
Updated: 2026-09-10
Shanxi province has announced its "15th Five-Year Plan (2026-30)" to drive high-quality development of its private economy, envisioning significant expansion of the private sector, with the growth rate of private economic added value surpassing that of the province's GDP.
To cultivate business entities, Shanxi will support the growth of small and micro-enterprises and individual businesses, and plans to strengthen the development of small and medium-sized enterprises (SMEs) through policies that promote technological innovation and digital and green transformation.
The plan also encourages leading companies to implement key projects, build innovation platforms within industrial chains, tackle critical common technologies, develop distinctive products, and help set industry standards. These efforts are designed to help companies rapidly grow into influential industry leaders.
To transform traditional industries, Shanxi will promote the transition of private sectors like energy, steel, and coking toward high-end, intelligent, green, and integrated operations. The plan emphasizes integrating green electricity with traditional industries, guiding private enterprises to capitalize on green energy.
For future industries, the plan highlights the role of leading private companies in niche fields. It focuses on breakthroughs in key technologies such as synthetic biological new materials, embodied intelligence in coal mining scenarios, and hydrogen production and application, aiming to accelerate industrial advancement and large-scale transformation.


