In 2023, the Guiyang Free Trade Zone's (Guiyang FTZ) total foreign trade volume, fixed asset investment, and various other economic development indicators ranked first in Guiyang, capital of Southwest China's Guizhou province.
Data shows that Guiyang FTZ completed a total foreign trade volume of 16.23 billion yuan ($2.25 billion) last year, an increase of 28.89 percent year-on-year, ranking first in the city in absolute value.
Its fixed asset investment amounted to 1.52 billion yuan, ranking first in the city in terms of completion progress. Private investment accounted for 68.5 percent of its fixed asset investment, exceeding the target by 28.5 percentage points and ranking first in the city.
Guiyang FTZ's economic indicators, such as industrial investment, growth rate of industrial added value above a designated size, and revenue from software and information technology services all ranked among the top three in Guiyang.
New industrial projects attracted an influx of funds totaling 1.32 billion yuan, with industry accounting for 23.37 percent of this total amount. The actual utilization of foreign capital in the zone reached $15 million, with a growth rate of 104.45 percent.
Guiyang FTZ thrives as it promotes high-quality development through openness. Last year, Guiyang International Land Port handled a total of 41,030 containers and 766,000 metric tons of freight cargo, exceeding its annual target by 157.8 percent.