Nanming district establishes development fund

Nanming district in Guiyang -- capital city of Southwest China's Guizhou province -- signed a contract with China General Consulting and Investment Co Ltd (CGCI) on Dec 4 to establish a development fund.

Under the agreement, the two sides will put in 300 million yuan ($45.87 million) in the first phase of the fund, to invest in big data, new infrastructure and the integration of industry and education.

Funds will also be used to invest in traditional Chinese medicine, culture and tourism, cultural innovation and emerging technologies in the district.

At the same time, the fund will focus on industries operating in the "big data + intelligent manufacturing", "big health + characteristic medicine", "software development + information technology" and "artificial intelligence + blockchain" and in their upstream and downstream operations.

CGCI is expected to give full play to its advantages in all aspects, accelerate the implementation of cooperation projects and strive to achieve more results.

Nanming district will create a good business environment and various necessary conditions to provide all-round high-quality services for introduced projects, and help enterprises achieve better and faster development.