Guizhou's industries almost back to normal in H1

In the first half of the year, the added value of industries below designated size in Southwest China's Guizhou province increased by 17.8 percent year-on-year, and about 80 percent of the enterprises were in a promising state.

Industries below designated size are those with annual output value of less than 20 million yuan ($3.09 million).

Indicators such as market sentiment, business expectations, order volume, and capacity utilization were nearly back at their level before COVID-19.

Since the beginning of this year, the economic prosperity of the province's industries below designated size had improved significantly. In the first six months, the province's prosperity index for industries below designated size was 99.6, an increase of 4.33 percentage points over the same period in 2019.

During this period, 33 industries achieved year-on-year growth in operating income, an increase of 2.4 percentage points from the first quarter.

The top four industries in terms of operating revenue were building materials, wine and beverages, non-metallic mining and processing, and agricultural and sideline food processing.

Their contribution rate to the province's industrial growth was 41.8 percent.