According to Guiyang Free Trade Zone (Guiyang FTZ), which is located in Guiyang, capital of Southwest China's Guizhou province, in the first half of this year, its foreign trade volume is expected to reach 6.55 billion yuan ($901.56 million), a year-on-year increase of 25.02 percent and ranking first in Guiyang in terms of absolute value.
The actual utilization of foreign investment is projected to reach $10.98 million, accounting for 63.65 percent of the annual target and also ranking first in the city in terms of absolute value.
This year, Guiyang FTZ has focused on enhancing open channels, key market entities, open platforms, and the open environment, striving to advance the construction of a functional zone for the development of the provincial open economy and a pilot area for inland open economy.
The zone focuses on international trade and employs a "trade + industry + logistics + finance" approach to promote "bonded +" industrial cluster development. So far, over 20 overseas chambers of commerce have been introduced, with 11 new foreign trade enterprises added in 2024.
Guiyang FTZ has also been improving channel connectivity and enhancing customs facilitation. Guiyang International Land Port has been approved as a production service-type national logistics hub, with seven coastal ports establishing inland port operations.
Furthermore, the zone has been advancing the construction of comprehensive foreign trade service platforms to enhance service efficiency, providing import and export customs declaration, supply chain finance, and other foreign trade services to over 200 enterprises across the province.
Guiyang FTZ has also focused on key areas such as policy, finance, and talent to create a market-oriented, rule-of-law, and international business environment. Currently, the zone has provided 160 million yuan in financial support to 29 enterprises and attracted 6,579 talents of various professions.