Guizhou's fixed asset investment reaches 107.04b yuan

A provincial news conference was held on Nov 29 in Southwest China's Guizhou province, concluding the province's industrial investment work over 2023.

The 2023 industrial investment promotion work plan was issued, and 13 key government departments in charge of industry and information, culture and tourism, agriculture and commerce were urged to take the lead.

So far, they have arranged 114 business and investment promotion activities in equipment manufacturing, culture and tourism, and digital economy, having visited 473 enterprises and having invited 449 companies to launch research tours of Guizhou.

Guizhou has successfully secured collaboration agreements with a total of 44 State-owned enterprises, involving 140 projects valued at 100.8 billion yuan ($14.05 billion). Additionally, the region has inked deals for 1,300 projects funded by private enterprises and 36 projects supported by foreign companies, marking a stride in economic partnerships.

Guizhou government has also worked with five local banks to offer 9.2 billion yuan of loans to address the financing needs of 97 companies.

The province has successfully introduced 12 Fortune 500 companies and 4,465 industrial projects, including 2,112 in new industrialization, 589 in modern agriculture, 509 in tourism, and 1,255 in new urbanization. So far, Guizhou's fixed asset investment has topped 107.04 billion yuan.