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The National Development and Reform Commission and the Ministry of Commerce released a revised industry catalog on Dec 28, 2020, that identifies more sectors encouraging foreign investment.
The central government has unveiled a new package of measures to spur the growth of foreign trade, including steps to support exporters' use of new technologies and channels to explore the international market and enhance the competitiveness of small and medium-sized enterprises.
Guiyang -- capital of Southwest China's Guizhou province -- issued a series of measures to help companies go through the difficulties due to the novel coronavirus outbreak and promote the stable growth of city's economy.
Guiyang, "Zhu" ("筑" in Chinese, homophonic word of bamboo< 竹，zhu>) in short, is the capital of Guizhou Province and located in the geometric center of Western China. With a land area of 8,043square kilometers, Guiyang consists of 6 districts, 1 county-level city and 3 counties, with a national high-tech industrial zone, a national economic and technological development zone, a national integrated free trade zone and a national airport economic zone. As of 2018, it has a permanent population of 4,882,000. Guiyang is populated by 49 different ethnic groups including Han, Miao and Buyi, among which 11 are minorities residing here for generations.
The investor must submit materials to the Municipal Development and Reform Commission of Guiyang. The Guiyang Municipal Development and Reform Commission will then provide a notice of acceptance upon examination of said documents. The commission will subsequently issue an approval document for the project. Upon approval, the investor must then undergo procedures regarding use of land, urban planning, import of equipment and reduction or remission of taxes.
In order to promote industry revitalization and development and accelerate the pace of industrialization, the Guiyang CPC Committee and government issued the Opinions on the Policies to Develop the Industrial Economy, which ensures that the city will concentrate on developing its six key industries, namely, equipment manufacturing, aluminum processing, phosphorous processing, contemporary traditional Chinese medicine, green food and logistics.
Guiyang Municipal Bureau of Commerce