Guanshanhu fosters high-quality growth of private enterprises

In recent years, Guanshanhu district in Guiyang, capital of Southwest China's Guizhou province, has made efforts to optimize its business environment to facilitate the high-quality development of private enterprises.

An aerial view of Guanshanhu district in Guiyang. [Photo/WeChat account of Guanshanhu district]

On Jan 6, the district rolled out 10 measures to support the high-quality development of the private economy, focusing on innovative measures in areas such as investment promotion, talent cultivation, and enterprise nurturing.

From January to July of this year, the district signed agreements for 94 key industrial projects with a total investment of 12.65 billion yuan ($1.73 billion). Among these projects, 90 were invested by private enterprises, accounting for 95.74 percent of the total.

So far, the total number of private market entities in Guanshanhu has reached 108,948, accounting for 94.33 percent of all market entities in the district. 

This year alone, 18,640 new private market entities have sprung up in the district, a growth rate of 25.88 percent.