Pan-Pearl River Delta (Pan -PRD)

Major Economic Indicators

Notes: ¹ In real terms  ² For all state-owned enterprises and other forms with annual sales over RMB 5 million
Sources: Guizhou Statistical Yearbook 2011, China’s Customs Statistics, 12.2010, 9.2011

General Background

Guizhou has a total area of 176,167 sq.km. Guizhou - abbreviated as Qian（黔）- is situated in the mountainous part of the Yunnan- Guizhou Plateau（雲貴高原）in Southwest China. Total population stood at 34.7 million in 2010.  Almost half of the population is ethnic minorities.

Guizhou has rich mineral resources.  Among the 123 kinds of discovered minerals, 22 kinds ranked among the top three in the nation in terms of reserves. The province’s reserves of phosphorus ore and bauxite ranked first and second respectively in China. Its reserve of coal is the highest among southern Chinese provinces, and is the fifth largest in China. Guizhou is also rich in natural resources for hydro-electricity generation.

With significant improvements in irrigation and terrace-farming, Guizhou has a strong agricultural sector.  The province is one of the main producers of tobacco and its output ranked second in the country in 2010.  Tea products, vegetables and some exotic fruits are famous both at home and abroad. Thanks to its biodiversity, Guizhou also has large varieties of herbs for industrial and medicinal uses.

Industries

The primary sector still accounted for 13.6% of the GDP.  Major agricultural products include corn, rice, tobacco, tubers and rapeseeds. The output of tobacco ranked second in China, accounting for 14.6% of the national total. The province has over 3,700 types of herbs and is one of the leading producers of Chinese medicine in China. Animal husbandry and cash crop of local characteristics will be the growth areas of the farming industry.

Composition of GDP (%)

Source:  Guizhou Statistical Yearbook 2011

The structure of Guizhou’s industrial output reflects the natural resources of the province. In 2010, electricity, heat and gas accounted for 17% of the industrial value-added, while tobacco and beverage manufacturing accounted for 25.7%. Manufacturing industries are mainly located at Guiyang（貴陽）and Zunyi（遵義）.

Major Industry Groups^# (2010)

Notes:  #  For all state-owned enterprises and other forms with annual sales over RMB 5 million
Source: Guizhou Statistical Yearbook 2011

Guizhou is also a major base for supplying electricity from the western part of China to the eastern part（西電東送）. In coming years, the province will focus on utilizing its abundant coal and inexpensive electricity to become the power base of South China.

Traditionally, Guizhou is strong in tobacco and brewing (beverages) industry, and accounted for 12.4% and 13.3% of the province’s industrial value-added in 2010 respectively. Maotai（茅臺） wine is famous at home and abroad.  In the 11^th Five Year Programme period, the tobacco and brewing industries shared a strategic direction of building well-known brands.

Guizhou is also an important base of building material and chemical industries. The province will further develop pharmaceutical products, tobacco and food industries. Some famous industrial corporations in Guizhou included Huangguoshu Group Co, Guizhou 3537 Shoes-Making Factory, Guizhou Shenqi Group, Guizhou Yibai Pharmaceutical Corporation, etc.

Tourism

Guizhou is a popular tourist destination.  It has 12 state-level scenic areas and 6 state natural reserves such as Huangguoshu Waterfall（黃果樹瀑布）, Dragon's Palace（龍宮）, Zhijin Cave （織金洞）, Hongfeng Lake（紅楓湖）, etc.

In 2010, the number of overseas tourist increased by 25.2% to 500,100, generating a foreign exchange earning of US$130 million (17.3%). The number of domestic tourists reached 129 million (+24%) with a total revenue of RMB105.3 billion (+32%).

Foreign Trade

Major export markets were the US, Vietnam, Japan and Australia. Major export products were chemicals and related products, base metal and related products, beverages, machinery and equipment and minerals.

Major import items included minerals, plastics and related products, machinery and equipment.  Major sources of import were India, Thailand, Australia and Canada.

Foreign Investment

In 2010, the amount of utilised foreign direct investment totalled US$295.5 million (+121.1%). The majority of FDI were channelled into the manufacturing sector which accounted for 48.5% of the total inflows of FDI in 2010.  Utilised FDI going to the real estates and business services sectors grew markedly in 2010, accounting for 10.6% and 11.5% of the total FDI respectively.

Foreign investors are encouraged to invest in autoparts, tourism and light industries, particularly in textiles, food-processing, medicines and health products. Guizhou would like to co-operate with foreign investors in upgrading its major industrial enterprises, developing hi-tech industries, transforming its old urban districts and improving its infrastructure.

Consumer Market

Retail sales of consumer goods of Guizhou grew by 18.9% to RMB148.3 billion in 2010. In 2010, per capita disposal income of urban household reached RMB14,143 (+10%).

Growth in retail sales has been accelerating in recent years. Guiyang is the largest consumer centre accounting for 33% of the total sales. The second largest centre is Zunyi, accounting for 19.6% of the total sales.

Composition of Per Capita Expenditure of Urban Household (%)

Source: Guizhou Statistical Yearbook, 1996, 2011

By end-2010, there were 2,216 commodity markets, or wholesale marts, trading different kinds of light industrial or consumer products. These markets serve as an effective platform for sourcing and selling.

Major department stores and shopping centres in Guizhou include Guizhou Department Store（貴州省百貨公司）and Guiyang Department Store（貴陽市百貨大樓）. Investors from outside Guizhou include Hualian from Beijing, Wal-mart from the US.

Economic Indicators of Major Cities (2010)

Source: Guizhou Statistical Yearbook, 2011