News from the Guiyang development and reform commission suggests that the city will initiate 54 new projects in July, involving a total investment of 23.5 billion yuan ($3.5 billion), and about 9.7 billion yuan will be allocated this year.
Guiyang Baiyun Urban Development Holding Group Co and Zhongjiao Western Investment Co jointly signed an investment agreement on July 4.
The Guizhou Provincial Development and Reform Commission recently issued a fund worth 210 million yuan ($31.37 million) for the construction of the second batch of provincial projects.
Chen Zhongshi, president of Haocaitou Fujian Food Co, led a team to Huaxi district, Guiyang, Southwest China's Guizhou province, on June 23, accompanied by the district's government officials in charge of natural resources and industrial park construction.
In January this year, the Guiyang government issued an investment promotion plan during a five-year provincial campaign to make Guiyang stronger.
The Guizhou Provincial Finance Bureau, located in Guiyang, capital of Southwest China's Guizhou province, recently enacted 13 polices to increase the vitality of market players and stabilize the fundamentals of the regional economy.