Guiyang enhances industrial economy to stay competitive

Guiyang, capital of Southwest China's Guizhou province, will accelerate the expansion and quality of the industrial economy and strive to build the core engine of "a strong provincial capital".

In 2022, Guiyang's industrial added value accounted for 21.2 percent of the city's GDP, while the added value of the new energy battery and materials industry in Guiyang increased by nearly 50 percent, driving the growth of the industries above a designated size by 2.4 percentage points.

Optimizing business environment

Since last year, Guiyang has implemented a package of national and provincial economic stabilization policies, including the Implementation Plan for Cultivating and Improving Guiyang's Market Subjects (2022-25) and the Guiyang Detailed Implementation Measures Task List, and strived to support the continuous development and growth of its market players.

At the beginning of 2022, the city government set up a development fund worth 10 billion yuan ($1.47 billion) to promote industrial development. The fund has issued a total of 2.78 billion yuan in loans to help 110 companies meet their short-term needs. The fund will be used to aid four strategic direct investment projects with an investment of 545 million yuan. 

In 2022, 25 enterprises received a total of 2.7 billion yuan in industrial development funds for their projects, while nine companies received 2.29 billion yuan in provincial new kinetic energy funds.

Guiyang also helped enterprises participate in provincial innovation platforms and projects. For example, Guizhou Aviation Technical Development Co Ltd and Guizhou Yibai Pharmaceutical Co Ltd were approved as national demonstration enterprises for technological innovation, while the Guizhou Energy Material Innovation Center led by Guizhou Phosphate Chemical New Energy Technology Co Ltd was recognized as a provincial-level manufacturing innovation center.

After the outbreak of the COVID-19 epidemic in September last year, the city made every effort to stabilize the industrial economy. It helped 366 enterprises resume operations and solved 806 issues such as guaranteeing the supply of medical supplies and transporting products.

Guiyang is home to 16 listed industrial enterprises. It became home to 11 new national and 88 provincial "little giants" — SMEs specializing in niche industries with cutting-edge technologies and great growth potential — as well as 133 new industrial enterprises above a designated size – those with annual output value of 20 million yuan or more – last year.

Strengthening industrial belt

"One core and two zones", namely Guian New Area and Kaiyang-Xifeng and Weng'an-Fuquan two phosphorus chemical industry bases, are the key to the development of Guizhou's new energy battery and material industry, with a focus on building new energy battery industrial clusters and expanding phosphorus-based and fluorine-based industrial belt.

Guiyang has developed upstream and downstream industrial supporting facilities, promoted the construction of key industries, supplemented and extended chains, and built a series of 100-billion-yuan and 10-billion-yuan industrial clusters and qualified industrial clusters.

In Kaiyang, Guizhou Anda Energy Technology Co, an upstream enterprise in the new energy battery industry chain, is a vital producer of the lithium iron phosphorus products.

In the Guiyang National High-tech Industrial Development Zone, construction on the second phase of Guiyang FinDreams Battery Co's project is progressing smoothly. After it is fully put into operation, the company will have a total annual production capacity of 30 gigawatt-hours, and the annual output value is expected to exceed 10 billion yuan. FinDreams Battery has also established a branch in Guian. The annual production capacity of the brand is expected to reach 10 Gwh, with its annual output value expected to exceed 3 billion yuan upon operation.