The city of Xi'an – capital of Northwest China's Shaanxi province – recently rolled out plans for its industrial development during the 14th Five-Year Plan Period (2021-25).

Under the plans, by 2025 the city's industrial added value should account for 25 percent of its total GDP.

Meanwhile, in strategic emerging industries the total value of output of industrial enterprises above a designated size – those with annual output of 20 million yuan ($3.14 million) or more – is projected to account for 50 percent of the total industrial output value in the city.

A view of a workshop run by Xi'an Huachuang Machinery Manufacturing Co. [Photo/Xi'an Daily]

Also, the total output value of the advanced manufacturing industry above a designated size is expected to top 1 trillion yuan, forming six industrial clusters with an output value of 100 billion yuan or more.

By 2025, the cross-border e-commerce comprehensive pilot zone in Xi'an will achieve rapid development, with an annual cross-border e-commerce transaction scale exceeding 15 billion yuan.

In addition, the city's actual utilization of foreign capital is projected to reach $10 billion.

The China National Machinery Industry Corporation's Western R&D Center is currently under construction in Xi'an. [Photo/Xi'an Daily]

Furthermore, the cultural tourism industry in Xi'an is seen achieving integrated development. By the year, the city's total revenue of tourism is predicted to exceed 500 billion yuan, and the city will build two national-level cultural industry demonstration parks.

In addition, by 2025 the digital economy is projected to become a strong engine for Xi'an's economic and social development.

The scale of the city's digital economy by then is expected to amount to 700 billion yuan and the added value of digital economy core industries is expected to account for more than 5 percent of Xi'an's GDP.