China's coal-rich province targets 6 pct GDP growth in 2023

Time:2023-01-17 10:19:03      Source:Xinhuanet.com
North China's coal-rich province of Shanxi has set the gross domestic product (GDP) growth target at about 6 percent for 2023, according to the ongoing annual session of the provincial people's congress.
 
Shanxi's GDP was estimated at over 2.5 trillion yuan (about 371.5 billion U.S. dollars) in 2022. Over the past five years, Shanxi has seen an average annual GDP growth of over 6 percent, according to the government work report released at the session.
 
As an important energy base in China, Shanxi's coal production reached 1.3 billion tonnes last year, ranking first in the country, of which the advanced coal production capacity increased to 80 percent in proportion.
 
China launched an energy revolution pilot program in Shanxi in 2019, promoting the coal-rich province to explore energy transition.
 
As of 2022, the installed capacity of new energy and clean energy in Shanxi had reached 49 million kilowatts, accounting for 40.25 percent of the province's total, and the energy consumption intensity for power generation in 2022 dropped by 16 percent compared to five years ago.
 
Shanxi will accelerate the construction of a green energy supply system, according to the report. In the next five years, the proportion of advanced coal production capacity is to reach about 95 percent, while that of new energy and clean energy installed capacity will come up to 54 percent.
Index RMB/t DoD Basis Date
Datong 5500 450 0 ex-mine 06-16
Shuozhou 5200 435 0 FOR 06-16
Ordos 5500 415 0 ex-mine 06-16
Yulin 6200 535 0 ex-mine 06-16
Liulin Low-sulphur 560 -10 ex-mine 06-16
Gujiao Low-sulphur 1095 0 FOR 06-16
Xingtai Low-sulphur 1210 0 ex-Factory 06-16
Yangquan PCI 770 0 FOR 06-16
Index RMB/t WoW WoW% Date
Qinhuangdao 585.0 0.0 0.00 06-17
Caofeidian 551.0 6.0 1.10 06-17
Huanghua 191.1 -3.6 -1.85 06-17
Guangzhou 297.0 2.5 0.85 06-16
coastal 6PPs 1629.8 44.7 2.82 07-02
North Ports 2697.8 53.0 2.00 02-01
Yangtze River delta 1242.5 -74.7 -5.67 02-01
South Ports 2233.4 -216.0 -8.82 02-01
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