Xifeng to exceed yearly investment target

Xifeng Xiangdao Industrial Park [Photo/xifeng.gov.cn]

Sources from the Xifeng bureau of investment promotion suggest that Xifeng county in Guiyang, Southwest China's Guizhou province will report 6.95 billion yuan ($998.02 million) in industrial investment, exceeding its yearly investment target by 6.89 percent.

The county has brought in three lithium battery material projects funded by CATL and has signed four active pharmaceutical ingredient project agreements, involving a total investment of 1.22 billion yuan.

Throughout 2022, the Xifeng government visited Henan, Guangdong, Hunan, Chongqing, and other places outside the county to hold 18 business promotion activities, exchanging opinions with 25 enterprises looking to invest in Xifeng.

In addition, the government's industrial project promotion leading group carried out investigations on investment promotion achievements and offered full-life-cycle services for the signing, launching, construction, and operation of each project.