The Guiyang National High-tech Industrial Development Zone, or Guiyang HIDZ – located in Southwest China's Guizhou province – is going full out to improve its industrial production and supply chains, attract more businesses and investment and speed up the construction of projects, so as to help boost the high-quality growth of the province's capital city, Guiyang.
Under the zone's plans, its total industrial output value is projected to top 40 billion yuan ($6.28 billion) and 70 billion yuan in 2023 and 2025, respectively.
Plans are for the Guiyang HIDZ to roll out a program to incubate high-tech enterprises and offer custom-made services to support potential tech firms in the zone during the period, aiming to cultivate 1,000 such companies as soon as possible.
The manufacturing of electronic information devices, advanced equipment and new energy vehicles will be given more support – resulting in the planned development of a 10-billion yuan industry supply chain.
The zone is expected to advance the projects of a group of industry leaders, such as manufacturers FinDreams Battery Co, Zhenhua Integrated Circuit Co and Zhongsheng Taike LED Semiconductor Co.
The zone's added value of industries above a designated size is projected to report an annual cumulative growth rate of 25 percent in the period ahead, while the proportion of the added value of industries above a designated size in the city will account for more than 6 percent – higher than 5.6 percent in 2020.
By 2025, the total output value of the electronics information manufacturing industry is predicted to exceed 35 billion yuan, forming two 10-billion yuan industrial clusters for electronic components and products, as well as power battery manufacturing.
An advanced equipment manufacturing industry cluster featuring aircraft engine manufacturing will be developed and the output value of the sector – with gas turbines and aircraft engine manufacturing at the core – is projected to top 15 billion yuan in 2025.
Plans are for the zone to also focus on the new energy vehicles industry and aim to ensure that the output value of the sector will increase to 12 billion yuan in 2025.
Moreover, the Guiyang HIDZ will compile detailed records on diversified projects, so it can quickly update progress and help solve any issues and problems for the parties involved – and make every effort to bring more tangible benefits to the local economy.
The zone plans to attract a total of 50 billion yuan of new industrial investment during the 14th Five Year Plan period (2021-25) – and fully utilize major projects and standard plant construction to promote investment and steady growth.
Furthermore, efforts will be made to attract more investment, upgrade existing projects through technological transformation and further stimulate the vitality of investment.
During the 2021-2025 period, more than 80 percent of newly signed industrial projects in the zone are scheduled to break ground within six months and 80 percent of the newly started projects will begin operations within 18 months from the start of construction.
In addition, the zone will invite businesses to better serve local leading enterprises and build, improve, supplement and expand the industry supply chains.
Plans are for it to bring in at least 30 investment projects every year, including no less than 25 in the electronics information, advanced equipment manufacturing and new energy vehicles industries.