Progress has been made in banking and insurance business, and the local financial sector has been strengthened. Locally-mined coal and hydroelectricity form the basis of Guiyang's power industry. Its aluminum plant mines, smelts and processes local bauxite. Chemicals, fertilizers and plastics are also produced. Local cotton and synthetic yarn is woven and there is a growing garment trade.
Paper is made from timber cut in the province.
Automobiles will become very important in the future. Processing of food and liquors including Maotai, cement and building materials, the recent hi-tech industries such as electronic precision instruments and optics are all contributing to the industrial development of this expanding city. The Guiyang High-tech Industrial Development Zone, the provincial Guiyang Economic and Technology Development Zone and the Baiyun Economic Development Zone have taken shape. In recent years, Guiyang has widened and transformed 14 trunk roads and 80 streets and lanes. Its southern railway station is the largest railway marshaling yard in the southwest region.