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Guiyang HIDZ sees growth of six main economic indicators

Updated: 2020-06-12 14:59:56

As of the May this year, the six main economic indicators of the Guiyang National High-tech Industrial Development Zone (Guiyang HIDZ) -- in Guiyang, capital city of Southwest China's Guizhou province -- all increased, according to local media reports on June 11.

In the first five months of this year, total value added of manufacturers above a designated size in the zone -- those with annual revenue of 20 million ($2.8 million) or more -- is expected to have reached 1.4 billion yuan, officials said.

Guiyang HIDZ officials said that would mean a handsome year-on-year increase of 15.5 percent.

Fixed asset investment in the same period is expected to have reached 4.33 billion yuan, a year-on-year increase of 23.3 percent, while investment on major and key projects is expected to have hit 3.71 billion yuan, up 42.1 percent.

At the same time, the zone's total industrial investment is projected at 2.28 billion yuan, surging 188.8 percent, while paid-in capital for newly introduced industrial projects is seen at 6.31 billion yuan, up 3.82 percent.

In the first five months, foreign trade is expected to have come in at $180 million, a year-on-year increase of 3.53 percent.

According to officials, the zone will continue to focus on its development vision as a place for high-end consumption and manufacturing.

They said it will develop the four new industrial clusters of advanced equipment manufacturing, high-end consumer goods manufacturing, the new energy industry and the digital industry.

At the same time, it will continue to cultivate five core industrial chains: new energy automotive production and sales, aerospace mechanical and electrical products, intelligent products, integrated circuits, software and information technology services.

Officials said that on that basis, the zone will drive the manufacturing of so-called "N" products such as new energy automotive parts, electronic components and display touch screen -- and strive to build a "4+5+N" industrial pattern.

By 2022, it plans to build a 10 billion yuan-level new energy vehicle and two 5 billion-level core industry production and supply chains.

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