Guiyang Free Trade Zone in Guiyang, the capital of Southwest China's Guizhou province, recently announced its plans to construct a provincial industrial park for grains.
The park will be constructed over two years. Once operational, it will import 1 million metric tons of grains per year, achieve 3 billion yuan ($466.27 million) of annual trade value and provide jobs for 120 people.
The industrial park will be co-invested and constructed by Guiyang Free Trade Zone and China International Agriculture Investment Corporation. It will import grains such as corn and wheat through ports in Guangxi Zhuang autonomous region.
It will also establish a database for Guizhou's feed processing trade and breeding enterprises, establish related industrial alliances, launch a grain industry finance platform, and operate grain processing and trading businesses.
Relying on the grain industry's finance platform, the industrial park plans to introduce five corn-feed processing enterprises, four to five soybean processing enterprises and five to eight wheat processing enterprises to form a grain industry cluster.
Representatives from the China International Agriculture Investment Corporation have visited Guiyang Free Trade Zone to learn about the zone's basic situation and make plans for the grain industrial park.