Guizhou strives to attract and expand investment

The first stage of a photovoltaic project in Dingxin township, Guizhou's Qianxi city, opens. It can generate 250 million kilowatt-hours of electricity per year. [Photo/ddcpc website]

Since the beginning of this year, Southwest China's Guizhou province has been devoted to the attraction, construction and operation of major projects to boost economic development in the province.

In July, Guizhou released this year's second batch of 650 investment attraction projects, planning to attract 387.83 billion yuan ($55.92 billion) in investment. It welcomes all domestic and international companies to visit and invest in Guizhou.

Since the beginning of this year, Guizhou has organized market-oriented investment and online investment activities to attract a number of strong projects to the province.

In the first half of this year, Guizhou attracted 986 strong companies, and construction started on 85.6 percent of key investment projects. Guiyang and Guian New Area introduced 48 projects valued at more than 1 billion yuan each, and 11 projects valued at more than 5 billion yuan.

In the same period, Guizhou received 44.77 billion yuan in paid-up investment in industrial projects, and attracted 61 advanced equipment manufacturing projects with a total contract value of 40.7 billion yuan.

In October last year, Guizhou's management measures for government investment projects took effect, which are expected to further regulate government investments, increase the revenue of government investment, prevent and resolve risks, and stimulate the vitality of other investments.

In May this year, Guizhou issued various measures to accelerate the construction of major projects and expand effective investment.

The measures aim to speed up the progress of industrial investment, increase investment in supporting infrastructure, expand investment in new urbanization and environmental protection, increase investment in people's livelihoods, provide support for project investment and construction, and improve work mechanisms.

Guizhou's cities and prefectures also issued investment promotion plans and measures to provide a sound environment for more major industrial projects.