Industrial project investment drives Qingzhen's economy

This spring, Qingzhen city in Guiyang, Southwest China's Guizhou province, continues reform efforts to improve its business environment.

On March 20, the city's bureau of investment promotion learned that a foreign enterprise intended to invest 300 million yuan ($43.56 million) into the city to produce steel structure products. The project was estimated to have an annual output of 200 million yuan. However, the bureau refused to carry out the project, because its output was lower than that demanded by the city.

Industrial growth is the main engine driving Qingzhen's local economy, which boasts more than 60 percent of Guizhou's bauxite output. Making full use of its advantage, the city has formed a unique aluminum processing industry, with a current scale that exceeds 10 billion yuan.

In 2022, Qingzhen brought in 59 industrial projects and 33 leading enterprises. It also attracted more than 20 billion yuan in total investment, surpassing its annual target.

In the late March, main leaders of the Qingzhen government launched trips to Beijing, Shenzhen and Guangxi, to talk with potential business partners about collaboration areas.

The introduction to standardized workshops in Qingzhen's major industrial parks was issued, offering detailed information to investors about the overall situation, industrial priorities, and infrastructure of each industrial park.