The GDP of Guiyang reached 380 billion yuan ($57 billion) in 2018, a year-on-year increase of 9.9 percent and 0.8 percentage points higher than the overall growth rate of Guizhou province.
The added value of the agriculture industry was 15.31 billion yuan, up 6.6 percent year-on-year, secondary industries were valued at 141.37 billion yuan, up 7.9 percent, and tertiary industries were valued at 223.17 billion yuan, up 11.3 percent.
The agriculture, forestry, husbandry, and fishery industries of Guizhou reached an estimated 16.36 billion yuan, increasing 6.5 percent over last year.
The agriculture industry was valued at 11.51 billion yuan, up 8.4 percent year-on-year, the forestry was valued at 0.16 billion, up 17.4 percent, and the service industry for agriculture, forestry, husbandry, and fisheries was valued at 1.05 billion yuan, up 5.8 percent.
Guiyang's industrial added value among enterprises above a designated size grew 7.4 percent year-on-year. State-owned enterprises (SOEs) and State-holding enterprises (SHEs) were strong drivers of growth, growing 11.9 percent and 10.1 percent year-on-year, respectively. The growth rates were 4.5 percent and 2.7 percent higher than Guiyang's total industrial added value among enterprises above a designated size.
Meanwhile, the tech industry maintained its double-digit growth. The added value of Guiyang's tech industry (manufacturing) among enterprises above a designated size grew by 18.6 percent year-on-year, and mechanical and equipment manufacturing grew by 23.9 percent, 11.2 percent and 16.5 percent higher, respectively, than Guiyang's total industrial added value among enterprises above a designated size.
Fixed asset investment
Guiyang's fixed asset investments grew by 15 percent year-on-year, 0.2 percentage points more than the previous three quarters.
Investment in key areas surged, with infrastructure investment growing by 26.3 percent year-on-year, making up 32.4 percent of all fixed asset investments. Investment in transportation, storage, and post services was up 34.7 percent, accounting for 7.2 percent of all investments.
Investments in emerging industries grew rapidly. Investment in the tech industry increased by 57.9 percent year-on-year, making up 4.7 percent of all fixed asset investments, while investment in information transmission, computer services, and the software industry grew 50.5 percent, accounting for 3.1 percent of the total.
Investment in education grew by 70.2 percent year-on-year, making up 3.5 percent of all fixed asset investments, investment in healthcare and social work rose by 110 percent, making up 2.2 percent of the total, and investment in culture, sports, and entertainment grew 69.3 percent year-on-year, accounting for 2.1 percent of the total.
Total retail sales totaled about 129.95 billion yuan, up 8.0 percent year-on-year. Above-average social retail sales reached 81.63 billion yuan, up 3.0 percent year-on-year.
A total of 114.66 billion yuan was made in urban retail sales, up 10.8 percent year-on-year, while 15.29 billion yuan was made in rural retail sales, down 9.3 percent. Guiyang's above-average internet sales reached 7.3 billion yuan, up 16.8 percent year-on-year.
The added value of Guiyang's service industry (tertiary industry) reached 223.17 billion yuan, up 11.3 percent year-on-year, making up 58.8 percent of the total economy.
The tourism industry continued to grow steadily. Tourists made 188,462.5 million trips to Guiyang, up 26.7 percent year-on-year. A total of 245.66 billion yuan was made in tourism income, up 31.2 percent.
The postal service also grew fast. Guiyang's telecommunication services were valued at 45.72 billion yuan, up 137.8 percent, while the postal service completed 2.17 billion yuan in transactions, up 21.6 percent.
Guiyang introduced 1,203 newly signed projects with domestic capital, up 12 percent year-on-year. The projects received a total of 260.24 billion yuan in investment, up 6.8 percent. Paid-in investment was valued at 221.87 billion yuan, up 35.4 percent, foreign investment in actual use was valued at 1.59 billion yuan, up 18.1 percent, and the total value of foreign trade reached 3.49 billion, up 15.2 percent.
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