Located in the central region of China, Shanxi is famous for its development in the mining-related heavy industries. However, the existing overcapacity issue in China's coal and steel industries will pose a large downside factor to the provincial development in the medium term as it is difficult to achieve significant industry upgrading in the short term. Overall, Wood Mackenzie forecasts Shanxi's real GDP to grow at a CAGR of 5.3% between now and 2035.
Table of contents
Tables and charts
This report includes 5 images and tables including: