Wudang's industrial economy shows positive development trend

Since the beginning of 2021, Wudang district in Guiyang, capital of Southwest China's Guizhou province, has made a series of major breakthroughs in promoting industrial development. The industrial economic operations of the district are generally stable, showing a positive development trend.

In the first quarter, Wudang reported 4.51 billion yuan ($703.84 million) in industrial output above designated size, an increase of 38 percent year-on-year.

It also saw a year-on-year increase of 31 percent in industrial added value, which climbed to 1.38 billion yuan. It ranked third in Guiyang in terms of growth rate.

The district also saw 639 million yuan in industrial investment and introduced two industrial enterprises above designated size – those with an annual output value of 20 million yuan or more – and the revenue of its big data industry reached 510 million yuan, a year-on-year increase of 1,375 percent.

During the 14th Five-Year Plan period (2021-25), Wudang will promote the further development of health medicine, mid-to-high-end consumer product manufacturing, and the digital economy in an effort to build a modern health and medicine industrial system.

Meanwhile, the local government will speed up the cultivation of strong enterprises, increase corporate financing, carry out large-scale industrial investment activities, and strengthen the high-quality construction of development zones.