Shanxi investment deals show shift to green energy

Shanxi province, a key national coal producing region, announced on Tuesday a set of investment agreements set to shift its economy toward low carbon development.

A total of 42 deals have been signed, with investment totaling 62.52 billion yuan ($9.1 billion). Among them, 25 relate to the energy sector, with investment totaling 35.91 billion yuan. Other deals range across sectors such as manufacturing, new energy, big data and pharmaceuticals.

"These projects will play a leading role in facilitating Shanxi's industrial upgrade and overall development," said Han Chunlin, head of the Department of Commerce of Shanxi province.