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Economy of Guiyang


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Guiyang is the economic and commercial hub of Guizhou Province. The GDP per capita was ¥24,585 (US$3,637) in 2009. The city is also a large center for retail and wholesale commercial activities with operations of major domestic and international general retailers such as Wal-Mart, Carrefour, RT-Mart, Beijing Hualian, Parkson, and Xingli Group as well as consumer electronics and appliance sellers Gome and Suning. Wholesale operations include large regional produce, furniture, and industrial and construction machinery depots. Wal-Mart's southwest China regional vegetable and produce distribution center is located in Guiyang.

Hydro-electric power generators are located along the city's main rivers including the Wu River. By 2007, the city's hydro electric plants supplied over 70% of the city's electricity. Coal is mined in the locality of Guiyang and Anshun, and there are large thermal generating plants at Guiyang and Duyun, supplying electricity for a portion of the city's industry. A large iron and steel plant came into production in Guiyang in 1960, supplying the local machinery-manufacturing industry.

Large deposits of bauxite have been discover to the north, and by the 1970s Guiyang had become a major producer of aluminum. Guiyang also manufactures aerospace engine parts and equipment, industrial and mining equipment, as well as railway vehicles and equipment. It has a large chemical industry, producing fertilizers, and a rubber industry, manufacturing automobile tires. Guiyang also has a sizable domestic pharmaceuticals industry, producing traditional Chinese medicines as well as western medicines, textile plants, and makes glass, paper, and other consumer goods
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