North China
Doing Business in Taiyuan
Shanxi's capital - China's energy and heavy industry base, transitioning from coal to new energy, with strong magnesium/aluminum production and equipment manufacturing.
Why Taiyuan?
✓
Energy transition (coal to new energy)
✓
Magnesium/aluminum production hub
✓
Equipment manufacturing base
Key Industries
EnergyNew EnergyMagnesium/AluminumEquipment Manufacturing
GDP
0.56 trillion RMB
FDI
0.8 billion USD
Setup time
30-45 days
Pros & Cons
✓ Advantages
- •Energy resource access
- •Low costs
- •Metal materials cluster
✗ Challenges
- •Coal legacy/environmental
- •Inland location
- •Less diversified economy