The Guiyang FTZ signs up 36 projects with a total investment of 10.24 billion yuan at an investment attraction event. [Photo/guiyang.gov.cn]
The Guiyang Free Trade Zone (Guiyang FTZ) – located in Guiyang, capital of Southwest China's Guizhou province – held an online investment attraction event on Jan 17.
At the event, 36 projects were signed up, with a total investment of 10.24 billion yuan ($1.62 billion). Among the projects, 20 received funding of more than 100 million yuan each and two received investments of more than 1 billion yuan each.
The projects involve various areas covering electronics information manufacturing, advanced equipment manufacturing, imported grains and oil, international trade and cross-border e-commerce and the headquarters economy, among other things.
When all the 36 projects ramp up their operation, they are projected to generate more than 1 billion yuan in output value in the first year and contribute at least 400 million yuan in tax revenue annually. Both the output value and tax revenue are expected to double in three years and the projects are expected to create more than 5,000 jobs.