Guizhou supports agricultural product deep-processing firms

Guizhou introduces its high-growth food deep-processing enterprises in Guiyang. [Photo/chinadaily.com.cn]

Southwest China's Guizhou province promoted high-growth agricultural product deep-processing enterprises at an activity in Guiyang on March 27.

A total of 96 cooperation agreements valued at more than 3 billion yuan ($456.9 million) were signed among departments of Guizhou province, high-growth enterprises and domestic-related channels. Investment intentions for more than 180 cooperative projects were reached, with an estimated investment amount of more than 5 billion yuan.

In recent years, Guizhou has developed both the economy and the natural environment. The ecological food industry has been chosen as an emerging industry, while the people's livelihood industry is being used to promote rural revitalization – serving high-quality development and creating high-quality lifestyles.

Data showed that the output of Guizhou's ecological food industry in 2020 reached 140.09 billion yuan – year-on-year growth of 12 percent. Its scale ranked fourth and output growth ranked first among the province's top 10 industries.

Since last year, Guizhou has comprehensively supported agricultural product deep-processing and high-growth enterprises. The province aims to develop a first batch of 16 products and enterprises into leading ones with popularity and influence in about three years, and restructure Guizhou's agricultural product deep-processing industry by cultivating on-trend products.

Guizhou province is an important node of the ancient Tea Horse Road and a key part of the New International Land-Sea Trade Corridor in the western part of the Belt and Road Initiative. It has advantages, offering space for transformation and support for competitiveness upgrading and market expansion of enterprises from East China.

Next, Guizhou will promote local green agricultural products, create a first-class business environment, develop more local brands and realize long-term, win-win cooperation. Meanwhile, it will establish a regular cooperation mechanism to maintain a stable supply and marketing relations.