Chinese President Xi Jinping visited Yangquan Valve Co., Ltd. in Shanxi Province on Monday, spotlighting the region's push to modernize traditional industries and drive sustainable economic growth. During the inspection, Xi toured production facilities and examined precision-engineered products while engaging with frontline workers.
The visit underscores Beijing's focus on advancing high-quality development in manufacturing, a key pillar of China's economic strategy. Shanxi, historically known for coal production, has accelerated efforts to transition toward advanced manufacturing under national 'dual circulation' policies aimed at boosting innovation and domestic supply chains.
Analysts suggest such industrial upgrades could create opportunities for foreign investors and domestic businesses alike, particularly in smart manufacturing and green technology sectors. The move aligns with broader goals outlined in China's 14th Five-Year Plan to enhance technological self-reliance.
Local officials reported that Yangquan Valve has increased R&D spending by 40% since 2021, developing specialized components for energy and infrastructure projects. Xi emphasized the need to 'cultivate new quality productive forces through innovation' during discussions with engineers.
