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Guiyang HIDZ posts economic growth in first nine months

Updated: 2020-10-30 14:30:01

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A panoramic view of the Guiyang HIDZ. [Photo/gywb.cn]

In the first three quarters of the current year, Guiyang National High-tech Industrial Development Zone (Guiyang HIDZ) -- in Guiyang, capital of Southwest China's Guizhou province -- reported brisk economic growth, according to the latest statistics.

In the first nine months, the zone completed its annual target tasks well ahead of schedule, in terms of major projects and key projects and its economy developed steadily.

In the first three quarters, revenue from the software and information technology services industry, as well as indicators of industrial investment, newly introduced and paid-in capital, and fixed assets investment at the Guiyang HIDZ achieved more than 83 percent of its annual target.

According to statistics, from January to September, the added value of the zone's manufacturers above a designated size reached 2.84 billion yuan ($423.85 million), an increase of 33.3 percent over the same period of last year, which was 18.3 percentage points higher than the annual target set by Guiyang city. 

Total investment in fixed assets reached 9.03 billion yuan, up 50.1 percent year-on-year, achieving 83.65 percent of the target -- while industrial investment reached 4.12 billion yuan, an increase of 212.7 percent over the same period, achieving 91.44 percent of the target.

The total investment in major projects and key projects was 7.36 billion yuan, an increase of 96.8 percent over the same period of last year, which was 133.85 percent of the city's target.

The paid-in funds for newly introduced industrial projects reached 13.05 billion yuan, an increase of 18.86 percent over the same period of last year, accounting for 87.01 percent of the city's target.

In addition, total revenue from its software and information technology services industry – in the category of companies with annual output value of more than 5 million yuan -- reached 6.29 billion yuan, an increase of 24.23 percent over the same period of last year, which was 86.16 percent of the city's target.

Meanwhile, the total value of foreign trade during the period hit $429.8 million, a year-on-year increase of 10.6 percent, which was 102.3 percent of the city's annual target.

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