Five years of manufacturing success in Guiyang

Guiyang holds a press conference to highlight its achievements between 2016 and 2020. [Photo/gzbaiyun.gov.cn]

The information office of Guiyang's municipal government announced at a press conference on Nov 13 that the city had achieved a series of successes in medium- and high-end manufacturing during the 13th Five-Year Plan period (2016-20).

The conference was themed "targeting medium- and high-end manufacturing, boosting the physical economy."

According to the conference, the actual capital in place reached 830.8 billion yuan ($126.53 billion) between 2016 and 2019, with 4,253 newly introduced projects and 985.2 billion yuan of total contracted investment.

Also, a total of 142 billion yuan of actual capital is expected to be in place by the end of 2020, with more than 1,000 new projects being introduced.

Guiyang has sought investment for local industrial chains and local governmental departments at the municipal and district levels. City officials have also raced ahead with relevant business negotiations and project supervision measures.

At the same time, Guiyang has relied on the Big Data Expo, China International Alcoholic Beverages Expo and Guizhou Inland Opening-up Pilot Zone Investment and Trade Fair to bring industrial cooperation closer, which in turn has attracted more businesses.

During the Conference for Development of Guizhou under National Superior Private Enterprise, which was held in July, Guiyang signed 83 agreements with a total investment value of 82.8 billion yuan.

In terms of the real economy, Guiyang has deepened reforms and integration. It has also focused on new industries involving advanced equipment manufacturing and medium- to high-end consumer goods manufacturing, as well as some critical industrial chains involving automobiles and natural foods.

According to the latest statistics, industrial enterprises above the designated size in Guiyang grew by 8.3 percent on average between 2016 and 2019, with an accumulated investment of 185.9 billion yuan (excluding infrastructure investment within parks).

Also, despite the impact of the novel coronavirus epidemic this year, a growth rate of 4.9 percent in added value of enterprises above a designated size was achieved in Guiyang, 3.7 percent and 2.2 percent higher than that of the nation and province, respectively.