Guizhou attracts investment from Guangdong

Guangdong companies sign investment intention agreements with Guizhou's counties on June 27. [Photo/ddcpc website]

Southwest China's Guizhou province and South China's Guangdong province launched an activity to co-construct industrial parks on June 28.

At the launch ceremony, 32 Guangdong companies signed 33 investment intention agreements with 28 Guizhou's counties to invest 16 billion yuan ($2.39 billion).

Earlier this year, the State Council issued opinions to support cooperation between Guangdong and Guizhou. The rural vitalization bureaus in both provinces have taken the opportunity to arrange for more than 100 companies to invest over 10 billion yuan in Guizhou.

So far, 110 Guangdong companies have stated intent to invest about 50 billion yuan in Guizhou. In the future, the two provinces plan to take advantage of their complementary strengths and orient toward the market.

Both provinces will promote the deep integration of Guizhou's advantages in mineral resources, labor, transportation and land and Guangdong's advantages in funding, technology, talent and market entities, so as to promote the transfer of eastern China's industries to Guizhou.

Through the co-construction of industrial parks and the development of rural industries, Guizhou and Guangdong will work to vitalize rural areas and become a model for collaboration.

With a high-quality business environment, Guizhou will work to solve problems encountered in the registration of enterprises and the implementation of projects, optimize government services, and better serve Guangdong businessmen.

Guizhou will also build a mechanism for joint consultation, co-construction, mutual benefits, communication, and long-term cooperation so as to achieve market-oriented cooperation.