Guiyang aims to strengthen economy

Cross-border e-commerce is booming in Guiyang after the city was selected as a cross-border e-commerce pilot area in 2018. [Photo/colorful Guizhou network]

In 2021, Guiyang and Guian New Area in Southwest China's Guizhou province achieved 471.1 billion yuan ($71.33 billion) in GDP, with an annual average increase of 7.6 percent.

Guiyang and Guian are using their status as an inland open economy pilot area to accelerate opening-up and participate in the dual circulation strategy, which is a development model wherein the domestic economic cycle plays a leading role while the international economic cycle supplements it.

The Guiyang Longdongbao International Airport has opened 255 domestic and international flights and completed the construction of an international freight transport center, customs supervision center, international express mail center and bonded logistics center, which will be put into use in 2022.

Guiyang has a total of 260 kilometers of high-speed rail, making it one of China's top 10 high-speed railway hubs. Its special freight trains can transport goods to Hong Kong and Europe directly and quickly.

Guiyang and Guian are also engaging in trade with more than 190 countries and areas. They are home to 3,972 registered foreign trade companies, including 18 companies with a foreign trade value of more than $100 million each.

In 2021, Guiyang and Guian's foreign trade in goods was $977 million, accounting for 78.74 percent of the provincial total. Their foreign trade in service was $166 million, total contract value of service outsourcing was $637 million, and direct utilization of foreign capital was $179 million.