10 years on: Xi'an non-public sector makes great strides

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en.xa.gov.cn Updated: 2022-10-08 11:08

A panoramic view of the dynamic city of Xi'an. [Photo/Xi'an municipal government's WeChat account]

Over the past decade, Xi'an – capital of Northwest China's Shaanxi province – has actively supported the growth of the non-public sector of the economy and encouraged it to expand its investment areas, creating an important force for the city's high-quality development.

Xi'an has rolled out a series of effective policies and measures. As a result, the city's non-public economy continues to enjoy a strong growth momentum.

In 2012, the added value of the city's non-public economy was 224.63 billion yuan ($31.57 billion), while in 2021 that had reached 572.1 billion yuan – 2.5 times the level of a decade earlier.

The added value of the non-public economy accounted for 51.4 percent of the city's GDP in 2021. In 2019, its contribution to GDP reached a historical peak of 54.4 percent.

During the 10-year period, the city has focused on cultivating pillar industries – including electronic information, automobiles, aerospace, high-end equipment, new materials and energy, food and biomedicine – helping the optimization and upgrading of the non-public economy.

In 2012, the added value of the primary, secondary and tertiary industries of the city's non-public economy accounted for 30.6 percent, 46.7 percent and 56.2 percent of its GDP, respectively. Ten years on, they accounted for 18.7 percent, 57 percent and 53.3 percent, respectively.

Xi'an has also deepened reforms to optimize the business environment, with the quality and quantity of the city's business entities – ranging from sole traders, partnerships up to large companies – improving.

As of Dec 25, 2021, the number of city's registered market players was 6.4 times that in 2012. Last year, the numbers of self-employed businesses, private enterprises and foreign-funded enterprises were 7 times, 6 times and 2.6 times those at the end of 2012, respectively.

In addition, in 2012, the city's private investment accounted for more than 40 percent of total fixed asset investment and this reached 44.9 percent in 2021. Private investment projects for Samsung, BYD, Geely and others are said to have injected strong impetus into the city's economic development.