Part 3/13:
Shansi province, a notable case study in this evolving narrative, has suffered economic setbacks. In 2024, it recorded a decline in nominal GDP, marking it as the only provincial-level jurisdiction to do so. With a contracting figure of 2.14%, Shansi’s economic performance starkly contrasts coastal provinces which are experiencing growth. The statistics highlight that while Shansi’s real GDP growth was a mere 2.3%, regions like Jiangsu and Hong Kong managed to achieve growth rates of 5.5% and 3.2% respectively.