Shaanxi is a major producer of fossil fuels. In 2009, it produced 296 million tons of coal, 27 million ton of crude oil, and 18,950 million cubic meters of natural gas, all ranking third in China. The reserves of these resources are large and yet to be fully explored. The capital, Xian, has a high-tech industrial zone that is supported by several of the best universities and research institutions in western China; the focus is on software development, aerospace technology, new materials and aircraft technology, all of which are among China's new priority industries in the 5-year plan through 2015. Shaanxi also provides nearly 50% of the R&D and equipment manufacturing for China's ambitious commercial aircraft project. Shaanxi's GDP grew 12.3% to RMB1.45 trillion in 2012.

Transforming Shaanxi's high tech advantages into actual production will be the main challenge for the future. Some areas, such as space technology where Shaanxi leads the country, may take longer to commercialize. The Western Triangle is a new economic zone built around three cities, Chongqing, Chengdu and Xian; the recent addition of Xian to the Western Triangle will be a key driver of growth. But, overall, the province needs to find a way to maximize its advantages in high-tech industries.

Shaanxi Quick Facts
  • Area
    205,800 km2
  • Population:
  • Population density:
    180 people/km2
  • Gross domestic product:
    1012.3 billion RMB
  • GDP per capita:
    27133 RMB
  • GDP growth:
  • Fixed Asset Investment:
    856.1 billion RMB
  • Utilized Foreign Direct Investment:
    1.82 billion US$
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Top 5 Shaanxi Companies
    • Jinduicheng Molybdenum Co (SHA: 601958) is a molybdenum miner, smelter and distributor. It posted RMB7.06 billion in revenues and RMB835.63 million in net profits for 2010.
    • China Xd Electric Co (SHA: 601179) is engaged in design, research, development, manufacture and distribution of power transmission, distribution and control equipment. It posted RMB12.93 billion in revenues and RMB639.45 million in net profits for 2010.
    • Xian Aircraft International Corp (SHE: 000768) is engaged in the aviation, road transportation and construction material industries. It posted RMB10.53 billion in revenues and RMB345.56 million in net profits for 2010.
    • Xian Shaangu Power Co (SHA: 601369) is a turbine machines manufacturer and distributor. It posted RMB4.35 billion in revenues and RMB664.67 million in net profits for 2010.
    • Shaanxi Provincial Natural Gas Co (SHE: 002267) is a long distance natural gas pipeline constructor and operator. It posted RMB2.48 billion in revenues and RMB403.94 million in net profits for 2010.

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Shaanxi Economic and Technological Development Zones

    Baoji Hi-Tech Industrial Development Zone
    Shaanxi Xi’an Export Processing Zone
    Xi’an Economic & Technological Development Zone
    Xi’an Hi-Tech Industrial Development Zone
    Xi’an Software Park
    Yangling Agriculture Hi-Tech Industrial Zone

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