Xi'an FTZ experiences significant growth
en.xa.gov.cn     Updated: 2019-08-13

The Xi'an area of China (Shaanxi) Pilot Free Trade Zone (FTZ) has promoted various pilot work in 2018, effectively boosting the economic development of the Shaanxi FTZ with remarkable results, according to data released by the Xi'an bureau of statistics.

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China (Shaanxi) Pilot Free Trade Zone. [Photo/itl.gov.cn]

In 2018, Xi'an FTZ's total output value of industrial enterprises above designated size amounted to 106.01 billion yuan ($15.01 billion), a year-on-year increase of 13.5 percent, breaking through the 100 billion yuan mark. The growth rate was 1.3 percentage points higher than the city's total.

At the end of December 2018, the number of employees in the Xi'an FTZ reached 148,000, a year-on-year increase of 19.4 percent.

The sales volume of wholesale and retail products above designated size in Xi'an FTZ reached 164.57 billion yuan, a year-on-year increase of 27.7 percent, 7.2 percentage points higher than the city's total.

The sales of the accommodation and restaurant industry reached 902 million yuan, a year-on-year increase of 24.6 percent, 10.7 percentage points higher than the city's total, while the operation revenue of service enterprises above designated size amounted to 42.87 billion yuan, a year-on-year increase of 29.7 percent, 12.4 percentage points higher than the city's total.

Real estate development enterprises completed an investment of 35.64 billion yuan in real estate development, a year-on-year increase of 7 percent, 0.9 percentage points higher than the city's total.

With continuous development, Xi'an FTZ has attracted more investors due to investment promotion policies and efforts to business environment optimization.

In 2018, Xi'an FTZ planned to inject funds worth 5 million yuan or more in 548 fixed-asset investment projects, a year-on-year increase of 26.9 percent.