Guizhou industrial economy maintains stable growth in Jan-Feb

From January to February, Southwest China's Guizhou province's industrial economy above a designated size got off to a promising start, with its added value increasing by 16.9 percent year-on-year, 9.4 percentage points higher than the national average.

Among the province's 39 major industries, 31 achieved year-on-year growth and 21 achieved double-digit growth.

The production situation of the province's four pillar industries, namely liquor, tobacco, coal, and electricity, improved. The total added value of these industries increased by 22.1 percent year-on-year, which was 5.2 percentage points higher than the provincial average.

The production workshop of a dairy company in Guizhou province [Photo/ddcpc website]

The value of exports among industrial enterprises above a designated size in the province was 3.25 billion yuan ($510.24 million), a year-on-year increase of 59.3 percent – 42.4 percentage points higher than the national average.

The added value of State-owned holding enterprises above a designated size in the province rose by 21.3 percent year-on-year, 4.4 percentage points higher than the provincial average.

In order to expand and strengthen the scale of the real economy, Guizhou has increased guidance and assistance for industrial enterprises.

Since March 2021, 1,020 industrial enterprises above a designated size have registered in the province, the highest number in the past five years.

From January to February, these enterprises accounted for 25.2 percent of the province's industrial growth above a designated size, resulting in an increase of 4.3 percentage points.