Guizhou's industrial investment sees rapid growth

Since the beginning of this year, Southwest China's Guizhou province has focused on new-type industrialization, gone all out to expand effective investment, and promoted the high-quality development of enterprises.

In the first half of this year, the province's industrial investment increased by 28.4 percent year-on-year and industrial investment accounted for 24.4 percent of the province's fixed asset investment, an increase of 3.8 percentage points over the same period last year.

Employees get busy at a workshop of Guizhou Chip Fire Creation Technology. [Photo/ddcpc website]

Guizhou has made strong efforts to increase the effectiveness of industrial investment promotion and introduce more leading enterprises, listed companies, and leading foreign trade entities.

The province's Guiyang and Guian New Area introduced 301 new industrial projects with an agreed total investment exceeding 120 billion yuan ($17.3 billion).

The workshop of Guizhou Hangfei Precision Manufacturing Co owns much intelligent equipment. [Photo/ddcpc website]

Guizhou has released 306 new industrialization investment projects at home and abroad and plans to attract about 176.17 billion yuan in investment.

As of the end of June, there were more than 1,000 major industrial projects with an investment of over 100 million yuan in the province, and completed investment accounted for 85 percent of the province's industrial investment.

In addition, the province has given full play to the role of special funds and industrial funds to promote new-type industrialization.

As of the end of June, nearly 60 billion yuan in direct investment and bank and social capital investment had supported the development and project construction of more than 3,000 industrial enterprises.

Employees work in a workshop of Guiyang Haocaitou Food Co. [Photo/ddcpc website]