Shanxi, central State-owned enterprises collaborate for high-quality development
Updated: 2025-04-01
Since 2023, North China's Shanxi province has prioritized strengthening strategic cooperation with central State-owned enterprises. From the green upgrade of traditional energy to the rapid growth of emerging industries, collaboration between central and local entities has yielded fruitful results.
By the end of 2024, the total assets of central State-owned enterprises in Shanxi surpassed 1.5 trillion yuan ($206.39 billion), contributing 73.2 billion yuan in taxes and fees. Central State-owned enterprises had promoted 316 key projects in Shanxi, with a planned total investment of 457.1 billion yuan.
China Energy Investment Corporation Co has significantly supported technological innovation in the energy sector, assisting Shanxi in promoting the clean and efficient use of coal and creating new quality productive forces.
China Unicom Shanxi Branch, in collaboration with Shanxi Jinyun Internet Technology Co, has developed the Shanxi Coal Industrial Internet Intelligent Computing Platform and created the nation's first "Energy Intelligent Computing Cloud", empowering the digital transformation of the coal industry with advanced computing power.
Central State-owned enterprises, such as China's major power groups and China Railway Construction Corporation, have participated in key livelihood projects like power and heating supply, rural vitalization, and housing security, contributing significantly to the Shanxi people's well-being.
The cooperation between Shanxi and central State-owned enterprises will reach new heights, continually deepening the energy revolution and expanding into emerging industries such as high-end equipment, new energy, new materials, and ecological protection. This year, the investment of central State-owned enterprises in Shanxi is anticipated to grow by more than 8 percent.