Guiyang's GDP sees 11.4% growth in first quarter

The total output value of Guiyang city, the capital of Guizhou province, reached 60 billion yuan ($8.7 billion) in the first quarter of 2017, jumping by 11.4 percent year-on-year to be 1.2 percentage points higher than province’s average level, figures show.

The city’s economy is firing on all cylinders, with revenues from agriculture, secondary industry and tertiary industry at 2.5 billion yuan, 27.6 billion yuan and 30 billion yuan, increasing by 5.7 percent, 19.9 percent and 12.2 percent.

At the same time, great economic results were also achieved in the following fields: retail sales of consumer goods, general public budget revenue, the electronic information manufacturing industry, the software and information service industry, e-commerce and the pharmaceutical manufacturing industry.

In terms of key investments, the city’s fixed asset investment exceeded 75.1 billion yuan in the first quarter, a rise of 20 percent year-on-year. There were significant investments in industry, real estate, 322 major provincial projects, 54 major new construction projects and 440 projects for county economic development.

Edited by Mark Ray