Shanxi Province

Seated in the north of China, Shanxi is an important energy source base in China with abundant reserves of coal, magnesium, bauxite, and fireclay. As a result, the province’s economy depends heavily on the mining industry, in particular coal extraction, and is home to the largest group of coal companies in China. Huge reserves of coal have drawn investment into railways, power plants, and coal and chemical related research and products. Arguably the most polluted province in China, Shanxi is extremely energy inefficient with an all too high rate of mining accidents. While the local government wants to strengthen traditional industries, it also wants to reduce dependence on coal. In 2009, it began forcefully shutting down mines half its mines.

Shanxi Province Quick Facts

Area
156,800 km2
Population:
35,712,100
Population density:
217 people/km2
Gross domestic product:
920.1 RMB
GDP per capita:
26283 RMB
GDP growth:
13.90%
Fixed Asset Investment:
635.3 billion RMB
Utilized Foreign Direct Investment:
0.71 billion US$

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Data on Shanxi Province's leading Industries and Companies
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Top 5 Shanxi Province Companies

Daqin Railway Co (SHA: 601006) is a provider of coal transport services from Shanxi and Inner Mongolia to eastern China. It posted RMB42.01 billion in revenues and RMB10.41 billion in net profits for 2010.
Shanxi Xishan Coal and Electricity Power (SHE: 000983) is a coal miner and supplier of electricity. It posted RMB16.94 billion in revenues and RMB2.64 billion in net profits for 2010.
Shanxi Luan Environmental Energy Development Co (SHA: 601699) is engaged in mining, washing, processing and distribution of coal. It posted RMB21.43 billion in revenues and RMB3.44 billion in net profits for 2010.
Shanxi Guo Yang New Energy Co (SHA: 600348) is engaged in mining, washing, processing and distribution of coal as well as generation and distribution of electricity and heat. It posted RMB27.94 billion in revenues and RMB2.41 billion in net profits for 2010.
Shanxi Taigang Stainless Steel Co (SHE: 000825) is an iron and steel smelter. It posted RMB87.2 billion in revenues and RMB1.37 billion in net profits for 2010.

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Shanxi Province Economic and Technological Development Zones

Taiyuan Economic & Technology Development Zone
Taiyuan Hi-Tech Industrial Development Zone

Shanxi Province Economic Data and Statistics

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