A beautiful view of Xi'an at sunset. [Photo/Xi'an municipal government's WeChat account]

The city of Xi'an – capital of Northwest China's Shaanxi province – has made great efforts to build a modern industrial system and become a metropolis that is strong in advanced manufacturing since 2012, with its industrial economy achieving a huge leap forwards.

In 2021, the city's industrial added value exceeded 200 billion yuan ($27.96 billion) to reach 209.96 billion yuan, 1.8 times that of 2012. Total industrial output value above a designated size in 2021 was twice that of 2012, with an average annual growth rate of 8.2 percent.

From 2013 to 2021, the city's average annual growth rate of industrial added value was 6.9 percent.

Total industrial assets above a designated size reached 1.2 trillion yuan, 2.5 times that of 2012, with an average annual growth of 10.8 percent.

By the end of 2021, the number of industrial enterprises above a designated size – those with annual revenue of 20 million yuan or more – was 1,731, an increase of 761 over the end of 2012. Of that, there were 265 large and medium-sized enterprises in the city, an increase of 39 on the end of 2012.

Workers get busy on an assembly line at automaker BYD's factory in Xi'an. [Photo/Xi'an Daily]

In 2021, the city's output value of computers, communications and other electronics equipment manufacturing industries was 14.3 times that of 2012, with an average annual growth rate of 34.5 percent.

The total output values of the automobile manufacturing industry and electrical machinery and equipment manufacturing industry were 1.8 times and 3.1 times that of 2012, respectively.

Xi'an is said to have grabbed opportunities springing from the construction of the national independent innovation demonstration zone, the new generation artificial intelligence innovation and development pilot zone and the key and core technology innovation demonstration zone.

In 2020, 655 of the industrial enterprises above a designated size in the city carried out research and experimental development activities – spending 15.71 billion yuan, an increase of 97.3 percent on 2012.

Industrial projects in the city have driven steady growth in investment and added momentum to industrial development.

From 2012 to 2021, Xi'an's industrial investment grew at an average annual rate of 7.7 percent, 2.6 percentage points higher than fixed asset investment over the same period. In 2021, Xi'an's industrial investment accounted for 14.9 percent of fixed asset investment, 1 percentage point higher than in 2012.