Fixed-asset investment hits $2.22b in Wudang in first 10 months

The Xintao reservoir project resumes construction. [Photo/gzwd.gov.cn]

In the first 10 months of this year, the total investment in fixed assets in Wudang district in Guiyang city was 14.77 billion yuan ($2.22 billion), an increase of 19.5 percent over the same period last year, ranking first in the city. 

Meanwhile, it is estimated that the investment in Wudang district for the whole year will be 18.2 billion yuan, a year-on-year increase of 10 percent.

Since the beginning of 2020, Wudang district’s government has attached great importance to stimulating the economy through investments. 

In response to the COVID-19 epidemic, the local government did a good job preventing and controlling the disease outbreak while helping companies resume work and production as soon as possible through coordinating and solving existing difficulties and problems.

A worker receives a body temperature check before entering the Xintao reservoir construction site. [Photo/gzwd.gov.cn]

The government in Wudang also took measures to guarantee the smooth implementation and construction of significant projects.

This year, Wudang district has 21 key projects at the provincial and municipal levels, including six new projects, eight ongoing projects, six nearly-completed projects and one preliminary project. The total investment of these projects is 164.9 billion yuan.

The annual investment target of Wudang district is 9.20 billion yuan, of which 8.39 billion yuan was invested in the first 10 months.