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Guiyang's economy sees steady development

eguiyang.com.cn|Updated: September 4, 2024

Guiyang, capital of Southwest China's Guizhou province, continued to stabilize and strengthen its economy from January to July.

Data shows that industrial added value above a designated size increased by 12.6 percent during the period. More specifically, the added value of the mining industry increased by 52.4 percent, that of the manufacturing industry increased by 9.9 percent. And the  added value of the production and supply of electricity, heat, gas and water rose 14.9 percent.

The added value of the city's seven key industries, namely advanced equipment manufacturing, new energy vehicles, electronic information manufacturing, aluminum and aluminum processing, phosphorus chemical industry, ecological foods, and healthcare, increased by 21.6 percent. The phosphorus chemical industry alone increased by 49.4 percent, while the aluminum and aluminum processing industry increased by 42.8 percent. 

Meanwhile, the added value of large and medium-sized enterprises increased by 12.3 percent, while that of small and micro enterprises increased by 13.9 percent.

Additionally, the city's fixed-asset investment increased by 10.3 percent year-on-year, up 2.1 percentage points compared to the first half year. Looking closer, infrastructure investment increased by 25.6 percent, industrial investment increased by 5.8 percent, while investment in high-tech industries jumped 24.0 percent. The sales area of new commercial housing reached 2.75 million square meters, up 4.9 percent.