Guizhou takes measures to boost economic growth in Q1

Southwest China's Guizhou province recently launched 96 measures to maintain stability in its economy, commodity pricing and employment rate, aiming to bring a good start for this year's economic growth.

According to the measures, all the industrial, service, retail, accommodation and catering companies above designated size, as well as major projects under construction, should resume work before Feb 6.

Guizhou will help companies above designated size who have declined in output value, stopped operation, or have decreased business revenue to resume normal production and operation as soon as possible.

It will also offer assistance to boost the development of small and medium-sized enterprises and individual businesses so that they too will return to normal production and operation.

In the first quarter of this year, Guizhou aims to achieve an investment of more than 182 billion yuan ($27.11 billion) for major projects, and reach 125 billion yuan in private investment.

Guizhou will continue to carry out consumption promoting activities for automobiles and oil, help to revive the tourism industry, improve consumption services, and achieve a year-on-year increase of 10 percent in tourist visits.

Guizhou will focus on the development of key industrial sectors such as the battery, Chinese baijiu and tobacco. It will promote the production of coal and electricity, while also preparing for the upcoming farming season.

From January to March, Guizhou aims to attract more than 320 excellent companies, and have more than 100 billion yuan in industrial investment in place.