Baiyun industrial sector up 11.2% in first nine months

In the first nine months of the year, the total output value of the industrial sector above a designated size in the Baiyun district in Guiyang -- capital city of Southwest China's Guizhou province -- reached 14.8 billion yuan ($2.31 billion), a year-on-year increase of 11.2 percent.

During the same period, the district added 176,000 square meters of standard workshops and completed the purchase and storage of 575.8 mu (38.39 hectares) of industrial land.

In terms of power consumption, Baiyun reportedly has continued to promote the implementation of the Guizhou Provincial Energy Administration's policy on promoting commercial power users to participate in power market-oriented transactions. It also has encouraged qualified enterprises in the district to participate in the transactions.

Meanwhile, Baiyun has used its municipal industrial sector fund to provide assistance for the new industrialization of the district. It plans to provide financial guarantees through multiple channels, including State-owned enterprise financing and social capital funding, among others.

From January to September, Baiyun signed up 11 enterprises above a designated size to settle in the district, with capital at 4.08 billion yuan in place.

It is estimated that more than 10 industrial enterprises each with an investment volume of 100 million yuan will start construction this year and over 12 industrial projects will be completed throughout 2021.