Guizhou: Growth driven with new tech

Fuzhou in April, that buoyed by the booming big data industry, Guizhou has maintained its position among the top three provinces for five consecutive years to 2017, in terms of economic growth.

The province recorded double-digit (10.1 percent) growth year-on-year in the first quarter, latest data showed.

“During the recent years, we have geared up to push the integration of big data and the real economy for governmental, commercial and civilian use,” Li said.

It appears the approach is paying off. Based in Guiyang, Laoganma, China’s bestknown hot sauce producer, uses big data to analyze consumers’ different needs, forecast sales and rationally manage the inventory, helping improve the industrial capacity as well as production efficiency.

Coming in more than 20 flavors or varieties, Laoganma chili sauce is exported to over 80 countries and regions. In 2016, the company reported an annual revenue of 4.55 billion yuan ($718 million).

Just as what former Chinese Vice-Premier Ma Kai said during the Guiyang expo, big data will play a significant role in boosting the local economy and driving the manufacturing upgrade.

Guizhou could well prove to be the best example of how to apply digital technologies to a wide range of economic activities and governmental and privatesector services.

The province has become key to the task of transforming China’s western parts, whose economic growth is heavily reliant on traditional sectors.

According to a new report released by the Tencent Research Institute, a privatesector think tank and market analytics provider, digital economy accounted for 32 percent of China’s gross domestic product in 2017 ($82 trillion, up 6.9 percent year-on-year) and remained an important pivot for the country’s economic growth.

XINHUA Staff at a fruit company in the US arrange apples for export to China via e-commerce platforms.