Guiyang, Guian attract huge investment in Q1

According to the Guiyang bureau of investment promotion, 307 new industry projects were introduced in the first quarter of this year in Guiyang city and Guian New Area, Southwest China's Guizhou province, with a total investment of 70.31 billion yuan ($10.21 billion).

Of the 307 new projects, 117 are industrial projects with a total investment of 42.51 billion yuan. Meanwhile, Guiyang and Guian also attracted 123 excellent enterprises to settle there, and achieved 34.78 billion yuan in paid-up funds – of which 57.45 percent were industrial funds.

At the Guangdong-Guizhou Industry Cooperation Conference held on March 23, Guiyang and Guian signed seven projects with a contract investment of 13.9 billion yuan, accounting for 28.19 percent of the provincial total.

At the 17th Guizhou Tourism Industry Development Conference held on April 7, Guiyang signed five projects with a total investment of 4.02 billion yuan, accounting for 46 percent of the province's total.

In addition, Guiyang also signed three strategic framework agreements with China Tourism Group, Tongcheng Network, and Huazhu Group.

It is reported that in 2022, Guiyang and Guian carried out investment promotion targeting central government-owned enterprises, key industries (chains), and industrial parks. It attracted investment through real estate, funds, businesses, local residents, and markets. All of which have made contributions to the accelerated development of Guizhou's industry, while also expanding its effective investment, and promoting high-quality economic development.