The Guiyang Free Trade Zone (FTZ) -- located in Southwest China's Guizhou province -- has taken steps to stabilize its foreign trade and foreign investment, according to Guiyang FTZ officials.
In the first half of this year, the zone's fixed asset investment above a designated scale - the statistical term referring to those with annual revenue of 5 million yuan or more - reached 274 million yuan ($40.15 million). Its general public budget revenue was 44.68 million yuan.
The Guiyang FTZ attracted 1.7 billion yuan of investment from outside the province in the first half of this year. It conducted a total foreign trade value of $410.6 million, and actually utilized foreign capital to the tune of $58.99 million.
Officials said the zone will continue to strengthen services to help enterprises explore foreign markets, despite the country's foreign trade being confronted by many uncertainties due to the COVID-19 pandemic and many countries' weak purchasing power.
In addition, relevant departments will help enterprises in the zone expand their domestic sales.