Guiyang HIDZ: investments on industrial projects up 11.6%

In the first quarter of 2020, Guiyang National High-tech Industrial Development Zone (Guiyang HIDZ) -- in Guiyang, capital city of Southwest China's Guizhou province -- saw 3.92 billion yuan ($553 million) in investments flowing to for new industrial projects going ahead there, according to Guiyang HIDZ officials.

They said on March 31 that represented an increase of 11.6 percent year-on-year, which was 103.24 percent of the target of 3.8 billion yuan in the first quarter.

Zone officials said that, in the first quarter, the zone continued to expand its local economic development while adhering to the prevention and control of the novel coronavirus epidemic.

The zone has focused on developing and promoting its four advanced industrial clusters of advanced equipment manufacturing, high-end consumer goods manufacturing, new energy industry and digital industry.

It’s also done the same for its core industrial supply chains in new energy automobiles, aerospace machinery and electronics, smart products and new energy automobiles and components, power batteries, smart terminal electronics, the smart home and other introduced projects in products manufacturing.

At the same time, zone officials and staff members used various methods such as WeChat, e-mails, the telephone and remote multi-party calls to conduct investment promotions and project negotiations.

In the first quarter, there were four new contracted projects with a total investment of 295 million yuan in the zone and 26 projects were under negotiations, of which 15 are industrial projects.