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Industrial added value in SW.China Guizhou up 7.2 pct y-o-y in October

November 24, 2020


Abstract : The added value of industrial enterprises above the designated size in southwest China's Guizhou Province surged 7.2 percent year on year in October this year, the highest growth rate for the month since April, according to the local statistics authorities.

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A worker operates at the construction site of the "Huawei Cloud" data center in Guian New Area, southwest China's Guizhou Province, Nov. 13, 2020. (Xinhua/Ou Dongqu)

BEIJING, Nov. 24 (Xinhua) – The added value of industrial enterprises above the designated size in southwest China's Guizhou Province surged 7.2 percent year on year in October this year, the highest monthly growth since April, according to the local statistics authorities.

During the first ten months of the year, the added value of industrial firms in Guizhou surged 3.3 percent year on year, posting growth for eight consecutive months, official data said.

A total of 55 industrial enterprises were set up in October in Guizhou, and they contributed about 7.5 percent to the province's industrial value-added growth in the month.

In terms of poverty alleviation, Guizhou has prioritized the development of refined processing of agricultural and byproducts in 12 agriculture sectors, including vegetables, chili peppers, and tea.

Specifically, the added value of Guizhou's agricultural processing industry increased by 15.8 percent year on year in October, a sharp increase of 10.2 percentage points over September of the year.

During the same month, the output of Guizhou's refined tea processing industry stood at 1,871.5 tonnes, an increase of 1.7 percent over the same period last year.

Traditional industries such as wine and coal in Guizhou maintained steady growths in October. The province's liquor output in the month was 23,000 liters, an increase of 3.6 percent year on year, while raw coal production amounted to 11.49 million tonnes, up 10.8 percent year on year.

Driven by the infrastructure investment demand, the output of necessary building materials in Guizhou has maintained steady growth, picking up 8.3 percent year on year in October.

Meanwhile, the province's added value of the equipment manufacturing industry increased by 11.4 percent year on year in October, while Guizhou's auto industry produced a total of 8,400 vehicles in the months, an increase of 118.4 percent year on year.

(Edited by Jiang Feifan with Xinhua Silk Road, 346129473@qq.com)

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Keyword: Guizhou Industrial enterprise

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