In the first quarter of the year, the leading economic indicators for the Guiyang National High-tech Industrial Development Zone (Guiyang HIDZ) – located in Guiyang, capital of Southwest China's Guizhou province – improved significantly and all indicators exceeded their targets for the period.
Statistics from the Guiyang HIDZ reveal that from January to March, the zone's industry saw rapid growth, with the added value of industry above a designated size increasing by 29.7 percent year-on-year.
The Guiyang HIDZ also introduced two industrial enterprises above designated size during the period, and investment in fixed completed assets came in at 3.44 billion yuan ($516.13 million), a year-on-year increase of 9.4 percent.
Meanwhile, completed industrial investment reached 1.69 billion yuan, an increase of 8.2 percent compared with the same period last year.
Additionally, newly introduced industrial projects in the zone saw a total of 4.71 billion yuan in funds put in place, exceeding by 142.78 percent the target set by Guiyang for the zone in the first quarter.
Funds in place for industrial projects were valued at 3.4 billion yuan, achieving 169.8 percent of the Q1 target.
Since the beginning of this year, the Guiyang HIDZ has been focusing on the development of electronic information manufacturing, advanced equipment manufacturing and new energy vehicles.
Through the implementation of an innovation-driven development strategy, the Guiyang HIDZ is aiming to build industries and enterprises with strong influence that contribute to local economic high-quality development.