Kaiyang's industrial economy rebounds

In the first 10 months of this year, the added value of industries above designated size in Kaiyang county in Guiyang, the capital city of Southwest China's Guizhou province, grew 15.4 percent year on year, ranking first among all the districts and counties in Guiyang city.

The figures were released by the Kayang county people's government on Dec 1.

Economic operation in Kaiyang county showed the following characteristics from January to October this year.

County's manufacturing industry continues to operate at a high level

The industrial added value of the manufacturing industry in Kaiyang county increased by 36.2 percent year on year, accounting for 59.2 percent of the total industrial added value above designated size.

Since the beginning of this year, the prices of major products such as yellow phosphorus, monoammonium phosphate, diammonium phosphate, and synthetic ammonia have continued to rise.

The manufacturing industry has maintained a steady growth of more than 30 percent, especially the growth of chemical raw materials and chemical products manufacturing, which has grown by more than 40 percent.

Large and medium-sized enterprises contribute a lot

The industrial added value of large and medium-sized enterprises increased by 19.3 percent year on year, and the growth rate remained the same as last month, accounting for 73.1 percent of the industrial added value above designated size.

High-tech manufacturing grows rapidly

The industrial added value of the high-tech manufacturing industry increased by 54.2 percent year on year, accounting for 4.5 percent of the industrial added value above designated size.

Growth rate of fixed asset investment slows down

From January to October, Kaiyang's fixed asset investments fell by 17.1 percent year-on-year.

Among them, industrial investment decreased by 4.48 percent, private investment decreased by 51.44 percent and infrastructure investment decreased by 27.33 percent, but high-tech industry investment increased by 53.45 percent.

Commerce industry sees steady rise

From January to October, the overall growth rate of the county's commerce industry above designated size maintained an upward trend.

The total retail sales of consumer goods above designated size reached 155.09 million yuan ($23.27 million).