Wudang witnesses five years of rapid economic, social development

An aerial view of Wudang district in Guiyang, Guizhou province [Photo/VCG]

Wudang district in Guiyang, capital of Southwest China's Guizhou province, achieved rapid economic and social development over the past five years.

From 2017 to 2021, the regional GDP of Wudang saw an average annual growth rate of 7.3 percent, the added value of industries above designated size saw an average annual growth rate of 5.37 percent, and investment in fixed assets was valued at 91.11 billion yuan.

Meanwhile, total retail sales of social consumer goods in Wudang saw an average growth rate of 7.9 percent annually, and the per capita disposable income of its urban and rural residents increased by 8.21 percent and 9.44 percent, respectively.

Wudang district boasts green mountains and clear waters. [Photo/Guiyang news network]

In the following five years, Wudang plans to achieve an annual fixed asset investment of more than 10 percent annually.

Meanwhile, the district's average annual regional GDP growth rate is projected to be higher than the average in Guizhou province, the industrial added value above designated size is expected to increase by 16 percent annually, and the total output value of the construction industry is expected to increase by 15 percent annually.

Moreover, the district's total retail sales of social consumer goods are expected to increase by 12 percent annually and the per capita disposable income of urban and rural permanent residents is expected to grow by 9 percent and 10 percent, respectively.

Wudang's countryside has experienced rapid development over the past five years. [Photo/Guiyang news network]