The city of Guiyang and the nearby Guian New Area in Southwest China's Guizhou province recently issued an action plan, with the goal of substantially expanding their levels of investment.
Global investors demonstrated strong confidence in China's economic outlook as foreign direct investment (FDI) into the country hit a record high in 2021.
To support the development of Guiyang Big Data Sci-tech Innovation City, the Guian New Area in Southwest China's Guizhou province recently released a number of policies to encourage companies to locate their operations there.
China downsized negative lists for foreign investment for five consecutive years to expand high-level opening-up and facilitate high-qualit economic development.
Guiyang, capital of Southwest China's Guizhou province, released several measures to encourage foreign investment utilization this year.
China will accelerate reforms to encourage fair competition in the market, spur the vitality of smaller companies and offer private business owners greater tax incentives to give back to society, which is crucial for the country to achieve the goal of common prosperity, experts said.
Since the start of this year, FDI in China has reached a record high for the same period. As China remains attractive to foreign investment, let's take a look at the data from January to September.
An industrial park co-construction trial plan for Guiyang and Guian New Area in Southwest China's Guizhou province was recently released.
In 2021, China is ramping up efforts to cut taxes and support the real economy. Preferential policies released in the first half will be extended to the end of the year.