Guizhou sees boost in industrial development in H1

In the first half of this year, the added value of industries above a designated size in Southwest China's Guizhou province increased by 12.1 percent over the same period last year, according to a news conference held on July 18.

During the period, among the 19 key industrial sectors monitored in the province, 12 sectors achieved growth, of which seven achieved double-digit growth rates.

The seven sectors included wine, beverage and refined tea manufacturing, computers, communication and other electronic equipment manufacturing, electrical machinery and equipment manufacturing, and the food manufacturing industry, with year-on-year added-value increases of 45.9 percent, 30.4 percent, 28 percent and 15.5 percent, respectively.

From January to May, the province's industrial enterprises above a designated size – those with an annual output value of 20 million yuan ($2.96 million) or more – achieved an operating income of 463.97 billion yuan, an increase of 19.9 percent over the same period last year.

In addition, the total profits of said enterprises in the first five months were 44.53 billion yuan, a year-on-year increase of 71.9 percent.