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Slew of projects invest 96 billion yuan in Guian

( english.guiyang.gov.cn)

Updated: 2021-08-02

Slew of projects invest 96 billion yuan in Guian

A worker monitors a production line in the Guian New Area. [Photo/Guiyang news network]

The Guian New Area – located in Southwest China's Guizhou province – zoomed into the fast track with its investment promotions in the first half of the year, thanks to astute marketing of its efficient and fast-paced business environment and speeding things up with the construction of projects there.

Statistics showed that in the first half of 2021, Guian introduced 103 projects with a total investment involving 96.26 billion yuan ($14.88 billion).

Hu Meng, vice director of the area's investment promotions office, explained that Guian set a goal for 2021 of total investments topping 100 billion yuan with more than 30 billion yuan in funds already in place – with industry making up at least 50 percent of that.

The area newly introduced more than 20 leading companies. As of June, the area's own investment funds in place had reached 15.12 billion yuan, 100.8 percent of the half-year target.

Since its foundation in 2014, the new area has continued to streamline its management mechanisms. It has released preferential policies for industry development and for attracting the best-possible workforce, leading to a number of outstanding enterprises settling down there.

To create an even better business environment, plans are for the new area to establish more efficient decision-making procedures and work procedures to drive investment promotions.

It will accelerate investment in and upgrading of support services in such areas as education, medical care and entertainment. Priority will also be placed on introducing complete industry supply chains and reducing the costs of resident companies.

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