The Guiyang FTZ holds a signing ceremony for 26 investment projects on June 5. [Photo/ftz.guiyang.gov.cn]
The Guiyang Free Trade Zone (FTZ) in Southwest China's Guizhou province held a signing ceremony for investment projects on June 5, according to Guiyang FTZ officials.
With a total investment of 2.8 billion yuan ($395.5 million), the 26 projects involved the fields of new energy, bonded logistics, cross-border e-commerce and big data.
Officials said that the value of annual output would not be less than 500 million yuan and the annual tax revenue would not be less than 200 million yuan in the first year after the completion and operation of the projects. It was expected that the output value and tax revenue will double in three years.
Guiyang FTZ is an important node of the New International Land-Sea Trade Corridor -- a trade and logistics passage jointly built by western Chinese provincial-level regions and the island nation of Singapore.
As such, the Guiyang FTZ is striving to make itself a distribution center for high-end import and export commodities, with a bonded commodities exhibition and trading center.
Officials said it has made remarkable achievements in attracting investments through policy innovations, as well as online and offline services during the novel coronavirus outbreak.
They said that the zone will develop its national land-sea logistics port into a comprehensive international logistics hub and a national production and services-oriented logistics hub.
In addition, the Guiyang FTZ will employ its relevant policies to accelerate the establishment of international industry norms, management standards and business rules -- striving to create a convenient, efficient, fair and transparent business environment.
Zhao Yandi contributed to the story.