Province aims to shift away from reliance on the coal industry
China’s Shanxi province wants to cut its reliance on coal and develop other industries such as information technology and clean energy this year, senior provincial officials said on Tuesday.
Luo Huining, Party chief of Shanxi province and a deputy to the National People’s Congress, said the provincial government will shift its developing priorities to new growth engines including the coordinated development of the Beijing-Tianjin-Hebei region, the development of China’s central and western regions and the Belt and Road Initiative.
Luo said: “We will expand our market share in manufacturing machinery, clean energy, industrial materials and agricultural products to both the domestic and global markets, in particular to countries in Africa and Southeast Asia.”
The province has already set a target to invest up to 414.4 billion yuan ($60.08 billion) in
We will expand our market share in manufacturing machinery, clean energy, industrial materials and agricultural products ...” Luo Huining, Party chief of Shanxi province and a deputy to the National People’s Congress
more than 900 projects related to digital economy, highend manufacturing equipment and pharmaceutical products between 2015 and 2017 to carry out supply-side reforms.
Supply-side reforms include a series of policies to improve the manufacturing and agricultural sectors, public services, increase environmental protection, maximize the quality and scale of production, and further opening-up of Chinese markets to foreign investors.
Wang Fu, vice-governor of Shanxi province and another