Greater investment in backward part of SW China
chinadaily.com.cn|Updated: December 11, 2015
The city of Guiyang, capital of Guizhou province is predicting as much as 800 billion yuan ($125 billion) worth of investment during the 12th Five-year Plan (2011-2015), with significant growth in actual invested funds from other provinces thanks to its development strategy over the past five years, with plans to attract funds for big data.
Other areas it targeted were the health business, pharmaceuticals, modern manufacturing, agriculture and services and it exploited its big data expo and ecological forum to get more attention from outside China.
The city recorded 126.3 percent of growth from 2011 to 2012 in actual investment from provinces, which helped its opening-up of its economy. Then in 2013, out of 516 new projects, secondary and tertiary industries accounted for 96.7 percent of the total.
This year there is growth in emerging industries, such as big data, pharmaceuticals, health care, modern agriculture, and tourism, after the city put on 140 promotion activities in big cities across China and got 235.8 billion yuan ($36.7 billion) worth of investment from them, or 26.29 percent more than for last year.