Guiyang drives industrial upgrades with financial empowerment initiatives

Guiyang held a financial empowerment policy briefing and supply-demand matchmaking conference in Guanshanhu district on Nov 21.

Guiyang holds a financial empowerment policy briefing and supply-demand matchmaking conference in Guanshanhu district on Nov 21. [Photo/Guiyang Daily]

Key highlights included the release of the Guiyang Large-Scale Equipment Update Demand List and the Guiyang High-Quality Product Supply List, aimed at accelerating industrial upgrades and promoting high-quality development.

The demand list outlines 219 projects with a total investment of over 278 billion yuan ($38.32 billion), covering sectors such as industry, ecological protection, construction and municipal works, and healthcare. Featured projects include the Guizhou Jiaying New Energy Intelligent Industrial Base and the Guizhou Recycling Resources Project.

The supply list showcases 817 industrial enterprises offering 1,407 products across eco-foods, advanced equipment, health products, and new energy vehicles. Enterprises can access the list through the Guishangyi platform.

Five key companies, including Geely Auto Manufacturing and Guiyang Zhong An Technology Group, also presented at the event, highlighting their financing needs and growth strategies.

Guiyang has been prioritizing large-scale equipment updates to stimulate investment growth. This year, the city introduced a comprehensive implementation plan that covers seven major sectors, established a cross-departmental coordination mechanism, and prepared 943 equipment renewal projects with an investment of 1.25 trillion yuan. 

In the first three quarters of this year, Guiyang's added value of the manufacturing industry grew by 9.3 percent, infrastructure investment rose by 27.4 percent, and construction installation investment increased by 5.6 percent, demonstrating the significant impact of these initiatives.