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Guizhou Sets Investment-Invitation Focus for Economic Development
Guizhou Province in southwest China recently put forward a series of key fields and projects to attract investment, striving to become one of the most attractive regions in the development of the western region.
Guo Shuqing, deputy governor of Guizhou Province, said that energy construction will be the focus for investment in the coming years. According to the State's "west-east power transmission" plan, the electricity-generating scale of the power enterprises to start construction during the 10th Five-year Plan period of Guizhou will reach 14 million kw, with an installed capacity of 8 million kw, involving a total investment of over 40 billion yuan, investment in the erection of power transmission lines will hit 20 billion yuan.
Guo said during the five years, Guizhou will complete the construction of the local sections of the two national highways from Chongqing to Zhanjiang and from Shanghai to Ruili. In the next few years, Guizhou will invest as much as over 40 billion yuan in the construction of communications.
He said that Guizhou boasts a large amount of tourism resources with great potential for development and a considerable amount of returns on investment. There is a bright prospect for opening up new tourist lines, developing scenic tourist areas and constructing service facilities and other projecs in Guizhou.
Guizhou has 52.6 billion tons of proven coal reserves. Departments concerned have set about to organize quality coal development projects in support of the "west-east power transmission" program. Currently, Guizhou has built China's largest electrolytic aluminum plant, the largest phosphate fertilizer base, and the largest abrasive materials and artificial diamond production and export bases.
Guo noted that in order to accelerate the pace of industrialization and marketization of these industries, investors both at home and from abroad are welcomed to conduct investment cooperation in various forms such as holding shares, establishing joint ventures, exclusively foreign-funded firms and making risk investment. The Guizhou provincial government will actively create conditions and grant necessary policy support to investors to ensure that they gain the normal investment returns.
According to the initial estimate made by the Guizhou Planning Commission that during the "10th Five-year Plan" period, the total investment for the key construction projects to be undertaken by Guizhou in the western region development will exceed 200 billion yuan and that for the major construction projects already undertaken and to be started this year will top 43 billion yuan.
By PD Online staff member Deng Gang
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