Guiyang HIDZ reports surging economic indicators in Q1

Guiyang National High-tech Industrial Development Zone -- in Guiyang,  capital of Southwest China's Guizhou province -- in the first quarter of this year ranked top in the city in the growth rate of the added value of industries above designated size, while achieving positive growth across the board in various economic indicators, according to local officials.

They said statistics from local authorities showed that industrial investment in the Guiyang HIDZ in Q1 was about 1.92 billion yuan ($271 million) -- a year-on-year surge of a massive 452 percent.

Fixed-assets investment in Q1 was 2.74 billion yuan, a year-on-year increase of 10.3 percent, while investment for provincial major projects and key projects was about 2.6 billion yuan, up 19.8 percent.

Meanwhile, paid-in investment for newly introduced industrial projects reached 3.92 billion yuan, a year-on-year increase of 11.6 percent.

In addition, the zone's import and export volume of foreign trade was expected to reach $94.26 million, a year-on-year increase of 19.3 percent, officials said.

They said Q1 operating revenue of the software and information technology service industry was expected to hit 1.84 billion yuan, a year-on-year increase of 10.9 percent and the added value of industries above a designated size was seen reaching 784 million yuan during the period, up 16.9 percent.