Gui'an Free Trade Zone sees robust industrial growth in H1

The Gui'an Free Trade Zone. [Photo/Guiyang Daily]

The Gui'an Free Trade Zone has demonstrated robust economic performance in the first half of this year, securing the top position in import and export rankings.

The industrial output value of enterprises above a designated size reached 10.35 billion yuan ($1.45 billion), a significant 45.3 percent increase compared to the same period last year. Meanwhile, the industrial added value climbed to 1.75 billion yuan, a 50.5 percent rise.

Total imports and exports amounted to 7.11 billion yuan, a 15.1 percent increase year-on-year, while retail sales of consumer goods from above-scale enterprises saw a notable growth of 26.5 percent.

The zone's economic success is largely driven by its key industries: electronic information manufacturing, advanced equipment manufacturing, and new energy batteries and materials. These sectors collectively account for 81.1 percent of the zone's total industrial output value.

Significant projects, including Huawei Cloud Ascend AI computing and data centers for major banks and telecom operators, are progressing rapidly. Investments in data centers make up 75.9 percent of all fixed asset investments, significantly boosting industrial growth.

The zone has also secured agreements for nine projects, seven of which are industrial.