The Guiyang Free Trade Zone (Guiyang FTZ) in Guiyang, capital of Southwest China's Guizhou province, has optimized its business environment for foreign trade development and pursued the high-quality development of an open economy by enhancing trade services and improving the quality and efficiency of open platforms.
From January to August, the zone's total imports and exports were estimated at 8.88 billion yuan ($1.26 billion), a year-on-year increase of 29.01 percent. The actual utilization of foreign investment was estimated at $10.98 million, accounting for 63.65 percent of the annual target.
This year, Guiyang FTZ has been focusing on stabilizing and expanding the import and export scale of strategic mineral products, grains, and unique products that are advantageous to Guizhou. For example, it saw 2.71 billion yuan in nickel ore imports and exports from January to August, a 14.58-percent increase from the same period last year.
At the same time, the zone has been strengthening services for trade entities. Since the beginning of this year, it has conducted seven foreign trade-related training sessions and two foreign trade-themed salons, involving more than 150 companies.
In addition, it continues to advance the development of open platforms such as the cross-border e-commerce service platform, the used car export base, and green trade production and sales docking platforms, while also enhancing the quality and efficiency of these platforms.
Next, Guiyang FTZ will work to attract a number of projects, provide full support for ongoing projects, and lay a solid foundation for achieving its annual target.