Guizhou sees steady industrial growth

In the first three quarters, the added value of industries above designated size in Southwest China's Guizhou province increased by 11.7 percent over the same period in 2020, according to a news conference on Oct 19.

Of the 19 key monitored industries, 13 industries achieved growth, among which seven achieved double-digit growth.

The added value of State-owned holding companies increased by 12.4 percent over the same period of the previous year, while the added value of non-public holding companies increased by 7.3 percent.

During the three quarters, the province's four pillar industries grew steadily and rapidly, including coal, electricity, tobacco, and liquor. The total added value of the four industries increased by 15.3 percent over the same period of 2020, which was 3.6 percentage points higher than that of the province's industries above designated size.

The raw material industry grew rapidly as well. During the period, the province's non-ferrous metal smelting and rolling processing industry increased by 26.9 percent, and the chemical raw materials and chemical products manufacturing industry increased by 21.9 percent, continuing its rapid growth of more than 20 percent since the beginning of this year.

From January to August, the province's industrial enterprises above designated size achieved 663.92 billion yuan ($104.05 billion) in operating income, an increase of 17.4 percent over the same period in the previous year.