Guiyang moves into fast lane for industrial projects

The city of Guiyang – capital of Southwest China's Guizhou province – is reportedly putting its foot on the gas pedal to speed up a raft of industrial projects.

A senior city official recently said the metropolis had moved to introduce 160 billion yuan ($25.3 billion) of industrial projects in the current year.

"The government work report has confirmed our future development goals and approaches for Guiyang and the nearby Guian New Area," said Pi Qirong, head of the Guiyang bureau of investment promotion.

"It has also offered guidelines for our investment promotion work," Pi added.

Under the leadership of the Guiyang municipal government, the city has introduced a total of 5,545 industrial projects over the past five years, with a capital of 801.3 billion yuan.

"Last year, Guiyang's investment promotions made breakthroughs in six areas, with capital of 164.5 billion yuan in place. About 50.9 percent of these projects are industrial," Pi said.

"Guiyang also successfully attracted 382 major enterprises, ranking it first in the province". Pi added. 

Government officials have redoubled their efforts in market research and market resource allocations and focused on introducing a group of manufacturing programs especially in the fields of medical facilities, educational equipment, power-related infrastructure and emergency equipment.

Efforts have also been made in digitalizing the industrial investment platform, which is now able to capture and analyze related data from an enterprise and can prompt cooperation with targeted firms that are in line with Guiyang's industrial demands.

"In 2022, we will ensure that more than 160 billion yuan will be in place for industrial projects and that about 420 leading corporations will be introduced," Pi said.