Guiyang's industrial economy surges in January to April

The city of Guiyang recently released its industrial economic performance report for the period January to April, revealing a 12.8-percent year-on-year increase in industrial added value above a designated size.

The growth rate was 0.4 percentage points higher than the first quarter, topping the national average of 6.3 percent by 6.5 percentage points.

Among the 10 provincial capitals in western China, Guiyang ranked second only to Yinchuan's 20.7-percent growth and it was first within its province.

From January to April, Guiyang focused on economic development, resulting in stable and positive main economic indicators and rapid industrial growth.

By sector, the added value of the mining industry increased by a whopping 68 percent, manufacturing by 9.3 percent and the production and supply of electricity, heat, gas and water by a hefty 18.4 percent.

The added value of seven key industries rose by 23.6 percent, with the phosphorus chemical industry growing by a formidable 51.5 percent during the period and the aluminum processing sector by 59 percent.

Large and medium-sized enterprises posted a 12-percent increase in added value, while small and micro enterprises experienced a 16.8 percent rise.

Additionally, the city's fixed asset investment grew by 9.2 percent year-on-year, with industrial investment increasing by 12.8 percent and high-tech industry investment maintaining strong momentum with 38-percent growth.

Industrial development is widely said to be critical for economic stability. In recent years, Guiyang has prioritized new industrialization as a primary driving force, aiming to strengthen its provincial capital status.

By focusing on industrial targets, projects, enterprises, industries and parks, Guiyang is seen as remaining on course to boost its industrial economy – demonstrating robust support and resilience in driving the city's growth forwards.