Xifeng plans on chemical & pharmaceutical industrial park

Xifeng county in Guiyang, Southwest China's Guizhou province has been accelerating construction on the chemical and pharmaceutical industrial park in the Xifeng Economic & Technological Development Zone by adopting a series of targeted measures in finance, government services, business promotion and corporate cooperation.

A number of efforts have been made in special bond application. In 2020, the first phase of the industrial park was approved for the issuance of 143 million yuan ($19.78 million) in special bonds, which was then increased to 315.41 million yuan last year. The government has also worked with local banks and other financial institutions to help the project with financing.

The land purchasing and storage scale has also expanded to ensure that construction work can proceed smoothly.

Local medical universities and pharmaceutical firms are participating in the construction of the industrial park as well. in addition, the government has launched investment promotion activities in Shanghai, Changzhou, Nantong, Nanjing, Wenzhou, Guangzhou and Chengdu, trying to bring more businesses into the park.