The city of Guiyang and the nearby Guian New Area in Southwest China's Guizhou province recently issued an action plan, with the goal of substantially expanding their levels of investment.
Under the plan, Guiyang and Guian aim to achieve 900 billion yuan ($141.54 billion) in fixed-asset investment in 2021-23 – with industrial investment and private investment respectively accounting for 26 percent and 53 percent of the total by 2023.
The action plan also set goals for investment in industry, infrastructure, environmental protection and people's livelihoods.
By 2023, Guiyang and Guian's industrial investment is expected to reach 200 billion yuan, agricultural investment is projected to reach 20 billion yuan, investment in tourism industrialization is forecast to reach 60 billion yuan and investment in the service industry is predicted to hit 30 billion yuan.
Furthermore, Guiyang and Guian are seen attracting about 400 high-quality companies annually to settle there. Meanwhile, the annual growth rate of paid-up industrial investment is projected to remain in the double digits, while annual fixed-asset investment is expected to be 50 billion yuan.
Under the plan, by 2023, Guiyang and Guian will invest more than 90 billion yuan in transportation, 5.4 billion yuan in water conservation, 9 billion yuan in energy and more than 10 billion yuan in new infrastructure construction.
To further protect and improve the rural and urban living environment, Guiyang and Guian are planning to invest more than 5 billion yuan. Some 600 million yuan will go towards protecting the ecological environment, and 3.5 billion yuan in forestry industry by 2023.
By then, Guiyang and Guian will also invest more than 17 billion yuan in education, more than 3 billion yuan in health care and 380 billion yuan in key areas related to people's livelihoods.
