Guiyang ranks No 1 for provincial business promotions

Guiyang city in Southwest China's Guizhou province ranked No 1 in 2021, in terms of provincial business promotions, after a performance assessment and business environment evaluation, according to a symposium held recently.

Statistics showed that during the period, the provincial capital put 164.55 billion yuan ($25.95 billion) of capital in place, of which 83.8 billion yuan was earmarked for industrial projects. In addition, 383 leading enterprises were attracted to establish businesses in Guiyang and all yearly targets and goals set by Guizhou for the city were fulfilled.

Among the 510 new industrial projects, 449 are from manufacturing sectors. 175 are 100-million-yuan level, 29 are 1-billion-yuan level in investment, and six are 5-billion-yuan level. And about 98.26 percent and 80.5 percent of these projects have been launched and put into operation respectively.

Senior cadres from the Guiyang municipal government made 19 trips outside the province last year to drum up business investments and projects and they held talks with 87 enterprises.

Furthermore, leaders from districts and counties administered by Guiyang undertook 224 outbound trips and contacted some 700 enterprises over the past year.