The Guiyang Free Trade Zone (FTZ) -- located in Southwest China's Guizhou province -- is committed to becoming a modern service industry cluster with bonded warehouse facilities.
In 2019, the Guiyang FTZ completed fixed asset investment of 4 billion yuan ($562 million). Its industrial investment was 3.08 billion yuan and the added value of industries above a designated scale -- the statistical term referring to those with annual revenue of 20 million yuan or more -- reached 38.76 million yuan.
The Guiyang FTZ conducted total foreign trade valued of $950 million last year and foreign direct investment came in at $169 million. Its general public budget revenue was 118 million yuan and general public budget expenditure was 326 million yuan.
Taking the construction of the Guizhou inland open economy experimental zone as an opportunity, the Guiyang FTZ made an effort in strengthening its foreign exchange and cooperation activities. Last year, the zone held 942 investment and promotion activities and 27 projects totaling 35.82 billion yuan were signed.
In addition, the Guiyang FTZ actively promoted the integrated development of big data and the real economy. Its software and information technology industries generated an annual income of 513 million yuan, accounting for 108.69 percent of the annual target.