A New Vision for Xi'an: Economic Growth and Transformation by 2026
A New Vision for Xi'an: Economic Growth and Transformation by 2026
As China gathers for its 2026 "two sessions," Xi'an stands poised at the forefront of national economic development, setting a GDP growth target of approximately 5.5%. This ancient city, once a capital of dynasties, is aligning its strategies with national priorities while focusing on robust investments in its economic infrastructure.
Xi'an's strategic focus includes a commitment to boosting effective investments and revitalizing its real economy. The city emphasizes enhancing its innovation capabilities and urban development models, aiming to cement its role as a central player in Western China’s economic landscape.
Key Development Areas for Xi'an
In its pursuit of growth, Xi'an will target ten crucial areas by 2026:
1. Stimulating Domestic Demand: Xi'an aims to exceed 450 billion CNY in fixed asset investments and promote consumer goods exchanges to strengthen local markets.
2. Strengthening the Real Economy: With a focus on industries, the city plans an investment of 120 billion CNY to achieve an industrial production goal of 1.3 trillion CNY, particularly advancing sectors like commercial vehicles, photovoltaic energy, and smart connected vehicles.
3. Fostering Innovation: The city seeks to secure contracts worth 520 billion CNY in technology, expanding its high-tech enterprises beyond 3,000.
4. Transforming Urban Development: Implementation of 331 urban renovation projects is on the agenda, including critical infrastructure like the phase III of the airport and the Xi'an-Shiyan high-speed railway.
5. Deepening Reforms: Special development policies will be introduced while integrating public enterprises to enhance operational efficiency.
6. Promoting Cultural Development: The cultural sector anticipates the establishment of 50 additional large-scale enterprises.
7. Integrating Urban and Rural Development: The city is committed to maintaining grain production at over 1.4 million tons while fostering rural development.
8. Enhancing Ecological Protection: Projects aimed at restoring ecological conditions in the northern foothills of the Qinling Mountains will be completed.
9. Improving Citizens' Livelihoods: The plan includes completing 39 resettlement projects and adding capacity for 15,000 students.
10. Ensuring Safety and Stability: The government aims to mitigate risks associated with real estate and debt, ensuring a stable economic environment.
Xi'an's Economic Performance in 2025
By 2025, Xi'an showcased its commitment to high-quality growth, recording a regional GDP of 1,390.267 billion CNY, a 4.7% increase. Industrial added value reached 285.07 billion CNY, marking a 6.1% rise. Notably, fixed asset investments reached 453.98 billion CNY, with high-tech manufacturing investments soaring by 15.4%. Retail sales grew by 5.3%, complemented by a 6.7% increase in tourist arrivals and a 7.1% rise in related revenues. The total imports and exports amounted to 498.79 billion CNY, also reflecting a substantial 21.1% increase, and the China-Europe Railway Express (Xi'an) registered 6,037 trips, mirroring this growth trend.
In conclusion, with its sights set on ambitious developmental goals, Xi'an is ready to lead the charge in fostering economic revitalization, with an overarching vision that embraces innovation, comprehensive growth, and sustainability as its guiding principles for the future.
Topics General Business）
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