Guiyang's economy bursts into new vitality

CATL's manufacturing base in Guiyang. [Photo/Guiyang Daily]

Guiyang and Guian New Area in Southwest China's Guizhou province have implemented a new development philosophy, focusing on improving the business environment, further opening-up, and creating a more enabling environment for innovation ever since the holding of the 18th CPC National Congress.

Over the past 10 years, the government has worked out measures to offer better services to residents and enterprises, attracting a group of corporations including Geely, BYD, CATL, Apple, Tencent to build workshops and manufacturing bases in the area.

Guiyang was selected as one of China's most high-performing cities from 2016 to 2018. In 2020, it was among the country's top 10 cities most suitable for investments.

Guishangyi – a provincial comprehensive corporate service platform – was officially put into use this year, ensuring that all market players in Guizhou have access to favorable policies. So far, the platform has provided policy-related and financial services to more than 200,000 market entities.

Data indicate that in the past 10 years, Guiyang and Guian have collectively brought in 105 Fortune 500 companies, and the number of market entities has exceeded 950,000.

There are a total of 192 countries and regions enjoying economic and trade exchange with Guiyang, which has also established sister-city relations with 21 cities throughout the world.

From 2012 to 2021, Guiyang reported 389.3 billion yuan ($54.07 billion) in exports and imports, with the average annual growth maintained at 7.62 percent.