Guizhou's economy grows rapidly in Jan-Feb

Southwest China's Guizhou province has been seeing steady economic growth amid the COVID-19 pandemic and rapid growth in industrial development, investment, consumption and finance during the first two months of this year.

From January to February, the added value of industries above a designated size in Guizhou increased by 16.9 percent year-on-year, 9.4 percentage points higher than the national average.

The added value of the computer, communication and other electronic equipment manufacturing industries increased by 26 percent year-on-year, while the added value of the chemical raw material and chemical product industries increased by 21.9 percent year-on-year.

During that period, Guizhou's output of new energy vehicles increased by 72.4 percent year-on-year, output of intelligent televisions increased by 41.1 percent, and output of dairy products increased by 25.8 percent.

Guizhou's fixed-asset investment in primary industry increased by 41.6 percent year-on-year, secondary industry increased by 44.8 percent, and tertiary industry increased by 4.9 percent.

Meanwhile, Guizhou's consumption of sports and recreation items increased by 305.2 percent year-on-year, cosmetics increased by 88.4 percent, home appliances and audio equipment increased by 32.9 percent, books and magazines increased by 32.3 percent, and tobacco and wine increased by 18.6 percent.

Guizhou's general financial revenue was valued at 68.97 billion yuan ($10.83 billion) during the period, an increase of 4.2 percent year-on-year, and consumer prices increased by 0.4 percent year-on-year.