Wudang boosts industrial growth, seeks high-quality development

Wudang district in Guiyang, Guizhou province [Photo/WeChat account of Wudang district]

Wudang district in Guiyang, the capital city of Southwest China's Guizhou province, experienced steady growth in its industrial sector during the 13th Five-Year Plan period (2016-20), according to local media reports.

In the five years, the average annual growth rate of the added value of Wudang's industrial enterprises above the designated size – those with an annual output value of 20 million yuan ($3.05 million) or more – exceeded 8 percent, and the average annual industrial investment exceeded 2.5 billion yuan.

In 2020, the cumulative output value of industrial enterprises above the designated size was 15.86 billion yuan, a year-on-year increase of 14.2 percent.

The district introduced 104 health industry projects during the period, with a total investment of 27.11 billion yuan. It also expanded the capacity of 18 pharmaceutical enterprises. The total output value of the health and pharmaceutical industries hit 6.84 billion yuan, playing a leading role in the province's health sector.

With a focus on traditional Chinese medicine and medical equipment manufacturing, the district also accelerated the development of industries such as advanced equipment manufacturing, mid- and high-end consumer goods manufacturing, the digital economy and aerospace.

In addition, it also boosted the cultivation of key companies, investment attraction and the high-quality growth of development zones to seek all-around development.

In 2021, Wudang district expects its total industrial output value to hit 20 billion yuan, industrial added value to hit 5.4 billion yuan and the total industrial investment to hit 7.5 billion yuan. Also, the number of industrial enterprises above designated size in the district should exceed 90 and the proportion of industrial strategic emerging industries should exceed 30 percent.

By 2025, the total industrial output value of Wudang district is expected to reach 40 billion yuan, the industrial added value will reach 10 billion yuan, the number of industrial enterprises above designated size will reach 120 and the total industrial investment will hit 25 billion yuan.