Guizhou unveils ambitious plan to boost private investment

The workshop of Guizhou Geely Automobile Manufacturing Co. [Photo/Guizhou Daily]

Southwest China's Guizhou province released a three-year action plan on Jan 4 aimed at significantly expanding private investment, unveiling a series of strong, targeted, and high-value policy measures to boost market confidence and stimulate private-sector participation.

According to the plan, the growth rate of private investment is expected to exceed that of total fixed-asset investment by 2027, with private investment accounting for about 42 percent of total fixed-asset investment across the province.

The plan identifies eight priority areas. These include strengthening private investment in manufacturing, expanding investment in local competitive industries, stabilizing private participation in real estate development, broadening private involvement in infrastructure projects, supporting private enterprises in building a digital and intelligent Guizhou, encouraging participation in the low-altitude economy, promoting private engagement in major scientific and technological innovation, and guiding investment toward modern service industries.

Focusing on six major industrial clusters, three key specialty industries, and local pillar sectors, Guizhou will support private enterprises in taking part in major State-owned manufacturing projects through capital increases, equity participation, and joint ventures. Private capital is also encouraged to invest in textile and garment industry transfers, pharmaceutical research and innovation, specialty agriculture development, and integrated industrial projects.

In the infrastructure sector, private capital will be encouraged to participate in railway, expressway, energy, and water supply projects. For eligible projects, private shareholding may exceed 10 percent. Support will also be provided for investment in new energy projects and participation in digital energy initiatives.

To ensure effective implementation, Guizhou will further remove market access barriers, improve investment service efficiency, and strengthen financing support. A group of high-quality projects with total investment exceeding 50 million yuan ($7 million) and expected returns above industry averages will be regularly recommended to private investors.