Economic status of Guiyang in 2019

In 2019, Guiyang, capital of Southwest China's Guizhou province, had a total economic volume of 400 billion yuan ($56.33 billion), with an overall stable economy.

Guiyang's GDP in 2019 reached 403.96 billion yuan, up 7.4 percent year-on-year. The added value of the primary industry was 16.13 billion yuan, an increase of 5.6 percent; the secondary industry was 149.67 billion yuan, an increase of 8.2 percent; and the tertiary industry was 238.159 billion yuan, an increase of 7.0 percent.

Agriculture growth stable

The added value of the agriculture, forestry, husbandry, and fishery industries reached 17.27 billion yuan, an increase of 5.6 percent year-on-year.

Industrial growth remains stable

The added value of industries above designated size increased by 6.3 percent year-on-year, 0.3 percentage points higher than that from January to November. In December, the added value of industries above designated size increased by 7.6 percent, 9.9 percentage points higher than that in November.

Consumer market stable

The total retail sales of social consumer goods reached 138.04 million yuan, a year-on-year increase of 6.2 percent, 0.6 percentage points higher than the previous three quarters.

The retail sales of consumer goods in urban areas reached 123.73 billion yuan, up 7.8 percent year-on-year, while the retail sales of consumer goods in rural areas reached 14.32 billion yuan, down 5.8 percent.

Service industry develops rapidly

Guiyang's total tourism revenue was 309.88 billion yuan, up 26.1 percent year-on-year, with a total of 229 million tourists. The total business volume of postal services reached 2.9 billion yuan, an increase of 33.3 percent. The total business volume of telecommunication services reached 69.23 billion yuan, an increase of 51.4 percent.

Financial revenue and expenditure stays smooth

With the deepening of tax and fee reduction policies, Guiyang's financial revenue and expenditure remained stable. The total revenue reached 90.14 billion yuan, down 0.2 percent year-on-year, including 41.73 billion yuan of the general public budget revenue. The general public budget expenditure reached 71.87 billion yuan, an increase of 15.1 percent.

Investment attraction and foreign trade develops rapidly

Newly introduced industrial projects reached 127 billion yuan, including 35.20 percent in industrial projects. The actual utilization of foreign capital reached $1.78 billion, up 13.0 percent year-on-year.

The total import and export trade reached $4.15 billion, a year-on-year increase of 18.8 percent. The total export volume was $3.05 billion, up 21.0 percent, and the total import volume was $1.11 billion, up 13.1 percent.

Price rise margins remain within reasonable range

Guiyang's consumer price rose 2.7 percent year-on-year, 0.1 percentage point higher than that from January to November. The price of food, tobacco, and alcohol increased by 7.6 percent; healthcare increased by 3.3 percent; clothing increased by 1.1 percent; education, culture, and entertainment increased by 0.9 percent; housing increased by 0.5 percent; transportation and communication decreased by 0.9 percent; and household goods and services remained at the same level as last year.