Economy

2017-04-06 17:22:31 , Source : The Government Website of Shaanxi Province

As of the mid-19th century, Shaanxi exported animal skins, wine, liquor, and musk. Money loans were also common, with Shaanxi business people involved in the Guangzhou loan business. Shaanxi commonly imported European animal skins, watches, Chinese language books, and cloth.

The fossil fuel and high technology sectors compose the two largest industries in Shaanxi province. The province ranked third in China for production of coal, natural gas and crude oil. As the home of several of the leading universities and research institutes in Western China, Shaanxi province also plays a major role in China's burgeoning aircraft and aerospace industries, producing more than 50% of the R&D and manufacturing equipment for the country's domestic commercial air industry. Nominal GDP for 2011 was 1,239 billion RMB (US$196.7 billion) and GDP per capita was 21,729 RMB (US$3,179), ranking 17th in the PRC.