Guizhou's industrial sector sees strong growth in Q3 output

The construction site of Zhangjiang (Gui'an) High-Tech Industrial Park. [Photo/Guizhou Daily]

Gui'an New Area's Zhangjiang (Gui'an) High-Tech Industrial Park is accelerating its development, capitalizing on the optimal autumn construction season. As a significant investment project in Guizhou, the park comprises software, applications, IoT, and AI parks, aiming to support Guizhou's goal of becoming a regional technology innovation hub.

According to project leader Li Kaiqing from China Railway Fifth Engineering Group, 40 percent of the construction is complete, with the main structure expected to be finalized by the end of November.

Guizhou's industrial growth has shown promising trends. A recent report indicated that the province's large-scale industrial output rose by 8.5 percent year-over-year in Q3, contributing to 43.5 percent of the region's economic expansion. This positive momentum is fueled by the province's "six industrial bases" strategy, emphasizing sectors critical to Guizhou's economic footprint.

From January to August, Guizhou's large-scale industrial enterprises achieved revenues of 676.28 billion yuan ($95.18 billion) and profits of 63.15 billion yuan, with profit growth outpacing the 15.2 percent national average. Enhanced efficiencies and government policies to reduce costs have positioned the industrial sector as the leading force driving Guizhou's economic growth.