High-tech emerging industries propel Guizhou’s economy

A tire production line in Guiyang's Xiuwen county. [Guizhou Daily]

In the first three quarters of this year, Guizhou's private industrial enterprises saw a 9.4 percent growth in industrial output above a designated size, while investment in high-tech manufacturing rose 13.9 percent, highlighting the rapid development of emerging industries.

Strengthening enterprise core competitiveness remains central to the new round of State-owned enterprise reforms, as Guizhou's State-owned Assets Supervision and Administration Commission reported that 23 State-owned or holding enterprises achieved total revenue of 362.97 billion yuan ($50.82 billion) and industrial output of 183.87 billion yuan.

By integrating into national development strategies such as the nation's western development in the new era and the Yangtze River Economic Belt, Guizhou has positioned its State-owned enterprises to align with both national and local growth priorities.

Guizhou's industrial products – including baijiu, tires, steel wire, chilies, new energy vehicles, lithium batteries, and photovoltaic products – have seen robust overseas demand, with exports reaching 39 billion yuan in the first three quarters of this year, a 12.4 percent increase from last year.

High-level openness has attracted capital, technology, projects, and innovative business models to the province, broadening horizons for industrial development and enhancing Guizhou's role in regional and international economic integration.