Guiyang boosts investment through strategic project management

The construction of the Yunyan District Electronic Information Industrial Park project, with a total investment of 1.29 billion yuan ($181 million), will begin in 2024. [Photo/Guiyang Development and Reform Commission]

Guiyang, capital of Southwest China's Guizhou province, has prioritized project construction as a key driver for stabilizing investment and promoting economic growth this year.

The city has implemented a comprehensive project lifecycle management approach, focusing on planning, investment, construction, and management. As a result, Guiyang's fixed asset investment grew by 8.2 percent in the first half of the year.

Guiyang has identified opportunities from national policies and secured approval for major projects, including 39 under the "Two New" initiative, amounting to 19.46 billion yuan in funding. The city is also advancing projects to improve local infrastructure and services, focusing on long-term, mid-term, and short-term development.

The city has made significant progress in project construction, with 565 new projects worth 118.3 billion yuan already underway. A dynamic project management system ensures the timely execution of key initiatives. Guiyang has also prioritized project services, introducing leadership mechanisms and cross-departmental collaboration to address challenges and enhance efficiency.

Through effective project planning, management, and execution, Guiyang continues accelerating its high-quality development and strengthening its position as a critical player in regional economic growth.