Yunyan district posts 6.8% GDP growth in H1

In the first half of the year, Yunyan district of Guiyang – capital city of Southwest China's Guizhou province – posted a year-on-year increase of 6.8 percent in gross domestic product to 38.32 billion yuan ($5.93 billion).

This was reportedly due to the district's effective measures to stimulate investment, urban renewal and consumption-driven developments.

An elegant and tranquil view of Yunyan district in Guiyang. [Photo/WeChat account of Yunyan district]

The added value of industries above a designated size amounted to 2.43 billion yuan, a year-on-year increase of 15.1 percent, while total retail sales of consumer goods came in at 27.14 billion yuan, up 20 percent.

During the period, a total of 56 new industrial projects moved to the district, as well as 22 excellent and strong enterprises and six headquarters economy projects. In addition, more than 60 investment agreements were signed, worth more than 40 billion yuan.

In the first half of the year, Yunyan won fifth place in Guiyang's comprehensive assessment of investment promotions, an increase of seven rankings over the same period last year.

Moving forwards, plans are for Yunyan to bring in more companies with strong financial strength and brand influence – to promote its high-end, distinctive and intelligent industrial development.

Plans are for the district to also focus on building specialized headquarters buildings – for endeavors in such areas as technology incubations, human resources, cultural tourism and big data. It will also seek to boost cooperation with upstream and downstream enterprises, to create dynamic industry hubs. 

Yunyan district is promoting the development of commerce. [Photo/WeChat account of Yunyan district]

In terms of shantytowns, as of early August, the district had reportedly carried out renovation work benefiting 14,930 households, accounting for 70.14 percent of the 2021 annual target.

In addition, in the first six months, Yunyan made efforts to further promote the development of commerce. During the period, the district's wholesale sales hit 44.39 billion yuan, up 14.8 percent year-on-year.

In the second half, Yunyan plans to guide key enterprises to stage themed promotion and marketing activities to further stimulate market supply, improve quality, increase product varieties and provide better services.

Moreover, it will promote further consumption upgrades and the prosperity of the regional economy.