To improve its real economy development, Guiyang will focus on middle and high end manufacturing and push forward corresponding consumption, laying out a strong foundation for the construction of an innovative city for the future.
Over the past 40 years, Guiyang has reinforced its urban strengths significantly. However compared with other developing regions in China, it is relatively weak in economic vitality, industrial level, development platforms, and sustainable development capacity.
Lack of competitiveness in the real economy has become the biggest shortcoming in Guiyang's development, particularly the manufacturing industry, which is the main body of the real economy, where it currently suffers from its small size, lacks pillar industries, and has weak core-competitiveness.
To improve this situation, Guiyang has put forward a strategy that emphasizes grasping high-level opening up opportunities, optimizing its economic market structure, and let trade drive the development of industry. It will push forward the integration of big data and the real economy, and also actively take part in the construction of Belt and Road Initiative.
Oriented as a pilot area of open economy in the Chinese mainland and a middle and high end consumer goods manufacturing base in China, Guiyang will introduce and incubate 30 middle and high end manufacturing and trade service enterprises by 2020.
The total industrial output value, which is focused on high-end manufacturing, is expected to reach 300 billion yuan ($44 billion). By 2025, the main industrial output value of high-end manufacturing is expected to reach 800 billion yuan.
By 2035, it will form a new industrial system based on middle-high end manufacturing. The total import and export amount of the whole city is about to achieve $50 billion, and the total industrial output value will be more than 3 trillion yuan, making it an influential manufacturing city in western China.
