Economic Layout

1.Sustained Increase of Effective Investment

In 2020, Shaanxi further implemented the project-driven strategy and continued to increase effective investment. Investment kept growing rapidly in high-tech industries, people's livelihood and society and other key fields. The growth rate of infrastructure investment turned positive, and the stable momentum has been continuously consolidated.

Investment in high-tech industries was 6.2 percentage points higher than that of the whole country. In the social sector, the figure increased to 21.5 percentage points. Private investment was 5.9 percentage points higher than that of the national average, accounting for 48% of the total investment, an increase of 1.2 percentage points over the previous year.

2.Steady Growth in Foreign Trade and Investment

In 2020, Shaanxi's foreign trade achieved growth against the overall recession, and the annual imports and exports trade hit a record high.

This year, the total volume of imports and exports of Shaanxi reached 377.21 billion yuan, with 192.96 billion yuan of exports and 184.25 billion yuan of imports.

The imports and exports of processing trade reached 212.96 billion yuan, accounting for 56.5% of the province's total, and those of the general trade amounted to 97.74 billion yuan, accounting for 25.9% of the province's total. The imports and exports volume of bonded logistics reached 44.42 billion yuan, and the volume of the imported equipment in Customs Special Supervision Zone amounted to 20.62 billion yuan.

The imports and exports of overseas-funded enterprises and private enterprises continued to grow. In 2020, overseas-funded enterprises in Shaanxi achieved the volume of 240.29 billion yuan in imports and exports, accounting for 63.7% of the total of the province. The import and export volume of the private enterprises reached 107.85 billion yuan, holding 28.6% of the province's total.

The export of LCD panels and solar cells increased significantly. In 2020, Shaanxi exported a value of 171.09 billion yuan of mechanical and electrical products, accounting for 88.7% of the province's total export value. Among them, the exported LCD panels valued 2.6 billion yuan. Over the same period, the agricultural exports of Shaanxi reached 3.86 billion yuan.

ROK, Taiwan Province, EU and ASEAN are Shaanxi's top four trade partners, and the imports and exports to ASEAN witness fastest growth. In 2020, the imports and exports value between Shaanxi and ROK, EU, and ASEAN achieved 90.32 billion yuan, 41.19 billion yuan and 40.43 billion yuan respectively. In addition, the total imports and exports volume between Shaanxi and countries of the Belt and Road Initiative reached 63.04 billion yuan, which was 25.7 percentage points higher than the national growth rate.