Guizhou industries report 5.9% growth in added value in July

In July, Southwest China's Guizhou province showed a continuous recovery and steady improvement in its industrial economy. The added value of industries above a designated size in Guizhou increased by 5.9 percent year-on-year in July, and the growth rate was 1.9 percentage points higher than in June.

From January to July, the added value of the province's industries above a designated size grew by 13.9 percent year-on-year, and the two-year average growth rate was 7.8 percent. The average growth rate was 1.1 percentage points higher than the national average.

The steady growth of the coal, electricity, tobacco, and liquor industries, all of which are pillar industries, has strongly supported the industrial market.

The added value of these four industries above designated size increased by 9.7 percent year-on-year, accounting for 66.3 percent of the provincial total.

Since the beginning of this year, Guizhou's alcoholic beverage production and sales have continued to improve.

In July, the province's liquor output reached 26,700 kiloliters, a year-on-year increase of 26.5 percent, while the refined tea output reached 3,490.08 metric tons, a year-on-year increase of 33.1 percent.

The added value of Guizhou's tobacco industry and coal mining and washing industry above designated size increased by 17.9 percent and 2.2 percent year-on-year, respectively.

Also, in the same month, the added value of the province's electricity and heat production and supply industries above a designated size increased by 5.4 percent year-on-year, 1.4 percentage points higher than in June.