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Guizhou: An Emergi ng Economic Engine


Text by Yin Xing

Guizhou Province in southwestern China is particularly notable for its ethnic diversity, but it is also poverty-stricken with an underdeveloped economy. Statistics issued by the National Development and Reform Commission on March 31, 2012, show that in 2011 Guizhou was trailing the rest of the country in terms of the degree of openness, with an opening rate of 3.4 percent - a sharp contrast to Shanghai at 84.7 percent.

In January 2012, the State Council promulgated a document formulating special policies to stimulate Guizhou’s social and economic development, and the provincial government has acted quickly to implement them.

Although richly endowed with natural resources, Guizhou cannot merge into the fast lane unless it develops industrial clusters with strong competitiveness as new growth points rather than simply digging up its resources.

The “growth pole” theory contains dual meanings: Firstly, it refers to highly innovative and technically advanced industries that stimulate economic development in linked businesses and industries, and secondly, areas that enjoy advantageous geographical locations. It advocates concentrating investments through government guidance to accelerate industrial development in the geologically advantageous areas while energizing their neighbors and helping other sectors flourish. Experts believe that the best way to develop regional “growth poles” is to focus on construction with integrated resources or to offer preferential policies.

Poverty is not iconic for Guizhou, and it will be overcome through diligence and wisdom.??

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