Guiyang's industrial economy gets off to great start in Q1

On the move: A panoramic view of Guiyang city. [Photo/WeChat account of Guiyang Release]

The industrial sector of Guiyang – capital of Southwest China's Guizhou province – is reported to have kicked off the first quarter with impressive momentum, setting the pace for strong economic growth in the year ahead.

In the January to March period, the city's industrial output for enterprises above a certain scale surged by 12.4 percent year-on-year, topping the charts in the province. What's more, key industries like aluminum and phosphorus chemicals posted whopping growth in Q1 of 55.1 percent and 41.2 percent, respectively.

Manufacturer Guizhou High Precision Strip and Foil Technology Co – specializing in rolled aluminum products for making batteries – also achieved substantial growth, reporting a 28.39-percent increase in operating revenue and a 21.48-percent rise in production volume in the first three months.

The company has outlined strategic investment plans, which aim to further boost its production capacity and market competitiveness.

Elsewhere, Guizhou Guicai Innovation Technology Co – focusing on aluminum alloy profiles – experienced a surge in orders, reflecting robust demand.

Q1 revenue, up 10-percent year-on-year, was helped along by the effective support and platforms provided by the local government to promote private manufacturers.

These success stories are widely said to underscore Guiyang's resilience and proactive approach in driving industrial development – leveraging technological advancements and strategic investments to fuel sustainable growth and contribute significantly to the region's economic vitality.