Wudang district makes great strides in business promotions

An aerial view of Wudang district, which is proving increasingly popular in terms of investment and business promotions. [Photo/Wudang media center]

Wudang district – located in Guiyang, capital city of Southwest China's Guizhou province – is understood to have made great achievements in its business promotions in 2021.

During the period, Wudang introduced 105 new projects, with 11.90 billion yuan ($1.79 billion) of funds being put in place.

Of that, 42 out of the 105 projects were industrial projects and the total investment volume of these reached 4.81 billion yuan.

Meanwhile, the industrial investment attraction index of Wudang district ranked ninth out of the 88 counties, districts, county-level cities and special zones in Guizhou province, up 72 places from 2020.

Last year, Wudang launched a three-year action plan for promoting business.

Under the plan, Wudang aims to speed up the implementation of projects, by optimizing the administrative approval process, as well as streamlining the approval process and the service mechanism.

It will also build online matchmaking platforms for enterprises to raise investment funds.

The Investment Promotion Work Guarantee Mechanism System (Trial) is expected to be further improved. Furthermore, two online platforms for major project investment attraction agencies and government-enterprise communication and coordination services will be established.