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Overview of Investment in Nanming

Updated: 2019-07-30

With a total area of 209.34 square kilometers, a registered population of 639,600, and a permanent resident population of 923,900, Nanming is a central urban district of Guiyang and the seat of the Guizhou Provincial Party Committee and the Guizhou Provincial Military District, with jurisdiction over four townships and 20 community service centers.

The district is dominated by the service industry under the typical economic structure of the tertiary-secondary-primary sector. It’s GDP reached 80 billion yuan in 2018, increasing by 10.5 percent, while ranking among the top districts and counties in the province since 2016.

The industrial structure is better. The added value of the primary, secondary, and tertiary industries reached 200 million yuan, a 2 percent increase; 17.3 billion yuan, a 12.5 percent increase; and 62.5 billion yuan, a 10.7 percent increase, respectively. The industrial mix was adjusted to the ratio of 0.2: 21.7: 78.1 in the same order. Industrial support was augmented, with the added value of industries above the designated size reaching 3.09 billion yuan, an increase of 15.6 percent, and industrial investment reaching 405 million yuan. Besides, investment in fixed assets totaled 5 million yuan (a 20 percent increase), and retail sales of consumer goods totaled 38 billion yuan (a 10 percent increase), ranking first in the province in absolute terms.

The economic results speak better for itself. Revenue from the general public budget reached 4.158 billion yuan, an increase of 5.4 percent. General public budget expenditure reached 6.149 billion yuan, an increase of 15.1 percent. A total of 57,901 new jobs were created in cities and towns, and per capita disposable income of urban residents stood at 35,856 yuan, an increase of 9 percent.

It has opened wider to the outside world. From outside the province, 9.77 billion yuan has been actually acquired, an increase of 25 percent. The actual use of foreign direct investment is $171 million, a 5.4 percent increase. The total volume of foreign trade import and export reached $1,017.26 million, unchanged from the same period of last year. Total tourism revenue is 61.815 billion yuan, up 30 percent, and the total number of tourists is 22.5765 million, up 24.2 percent.

It has become more influential. The district has won the titles of "China's Most Valuable Tourism Area for Investment", "China's Best Summer Resort for Health and Leisure Tourism" and "National-level Demonstration Zone for Women and Children Development Program". It has made into the list of Top 100 National Science and Technology Innovation Districts and the Top 100 National Green Development Districts. It also sits on the list of Top 100 Comprehensive Strength Districts among National Small and Medium-sized Cities and Top 100 National Districts with Investment Potential for five consecutive years.

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