Guiyang sees steady economic growth in Q1-3

Guiyang launches an auto trade-in event to boost consumption. [Photo/WeChat account of Guiyang bureau of commerce] 

Guiyang demonstrated stable and progressive economic growth in the first three quarters of this year. Its GDP reached 369.65 billion yuan ($51.69 billion), an increase of 6 percent year over year. 

The city's industrial sector has been a key driver of this growth, with the added value of large-scale industries increasing by 11 percent. 

The digital economy, a new quality productive force, has accelerated development. The city's computing power has surpassed 42.46 EFLOPS, and 46 new digital application scenarios have been launched. 

The cultural and tourism industry has experienced a significant boost, with inbound tourists increasing by 186.51 percent since the previous year. The city has welcomed over 140 million visitors this year. 

Investment in fixed assets rose 8 percent year-on-year, with industrial and private investments growing by 9.6 percent and 28.5 percent, respectively. High-tech industry investment surged by 23.9 percent. 

The city has completed the smart transformation of 20 farmers' markets, upgraded 538 kilometers of urban underground pipelines, and constructed 16,300 new parking spaces. Efforts to improve living conditions, such as renovating livable rural housing, managing rural black and odorous water bodies, expanding waste collection and transportation coverage, and maintaining sanitary toilets, are progressing steadily.

Guiyang is also advancing community-based elder care and childcare services. In the first three quarters of this year, the city added or upgraded 10 community elder care facilities and created 27,500 new enrollment slots.

Employment figures are promising, with 126,100 new urban jobs created. The per capita disposable income of urban and rural residents increased by 4.5 percent and 7 percent, respectively.