Shaanxi is a major producer of fossil fuels. In 2009, it produced 296 million tons of coal, 27 million ton of crude oil, and 18,950 million cubic meters of natural gas, all ranking third in China. The reserves of these resources are large and yet to be fully explored. The capital, Xian, has a high-tech industrial zone that is supported by several of the best universities and research institutions in western China; the focus is on software development, aerospace technology, new materials and aircraft technology, all of which are among China's new priority industries in the 5-year plan through 2015. Shaanxi also provides nearly 50% of the R&D and equipment manufacturing for China's ambitious commercial aircraft project. Shaanxi's GDP grew 12.3% to RMB1.45 trillion in 2012.
Transforming Shaanxi's high tech advantages into actual production will be the main challenge for the future. Some areas, such as space technology where Shaanxi leads the country, may take longer to commercialize. The Western Triangle is a new economic zone built around three cities, Chongqing, Chengdu and Xian; the recent addition of Xian to the Western Triangle will be a key driver of growth. But, overall, the province needs to find a way to maximize its advantages in high-tech industries.
Baoji Hi-Tech Industrial Development Zone
Shaanxi Xi’an Export Processing Zone
Xi’an Economic & Technological Development Zone
Xi’an Hi-Tech Industrial Development Zone
Xi’an Software Park
Yangling Agriculture Hi-Tech Industrial Zone