Xi'an, capital of Northwest China's Shaanxi province, used domestic capital of 131.1 billion yuan ($17.9 billion) in 2024, an increase of 15 percent, exceeding the target by 5 percentage points.

Xi'an's foreign investment was 6.42 billion yuan. The proportion of foreign investment utilized in the manufacturing industry increased by 40 percentage points compared to the previous year, with the high-tech manufacturing industry's foreign investment utilization increasing 4.4 times year-on-year.

The city signed 553 contracts worth over 100 million yuan, bringing total investment to 343.6 billion yuan. Among the contracts, 264 are related to industrial projects with investment of 173 billion yuan, accounting for 50.3 percent of the total, an increase of 3.8 percentage points year over year.

The Xi'an municipal investment bureau has conducted early research, established a mechanism for attracting investment, further standardized the city's investment behavior, and promoted the rational layout and implementation of investment projects.

Shaanxi Zhiwu Private Equity Fund, the first Qualified Foreign Limited Partner in the northwest region, was established in 2024 through cross-border mergers and acquisitions, equity transfers, and external debt to increase registered capital.

Foreign-funded enterprises, including Micron and Samsung, received 2.2 billion yuan in investment. Completing major projects such as the IKEA Shopping Center and Nippon Paint New Materials Northwest Regional Production Base provided strong support for Xi'an's high-quality economic development.

In addition, the Xi'an municipal investment bureau played a leading role in coordinating investment promotion activities held throughout the city, offering information on 173 high-quality projects to the city's districts, counties, and development zones.