Guiyang, the capital of Southwest China's Guizhou province, was selected as one of China's top 10 cities with the best investment value, according to a report released at the Global Promotion Event for Business Investment Attraction held by Global Times in Beijing on April 2.
Global Times is an influential mainstream media outlet owned by People's Daily. It started the investment attraction investigation in January of this year, inviting experts and scholars to evaluate Chinese cities' investment value through a third-party agency.
Last year, Guiyang overcame the impact of the novel coronavirus pandemic and economic downturn. It focused on middle- and high-end manufacturing and consumption and constructed various high-quality projects, ranking first among Guizhou's cities on the investment attraction ranking.
In 2020, Guiyang introduced 850 new projects with 143.2 billion yuan ($21.86 billion) of investment in place, attracting 407 outstanding enterprises. The city saw 38 industrial companies' annual revenue exceed 20 million yuan.
While developing the real economy, Guiyang also maintained stability in employment. In 2020, Guiyang's newly introduced investment projects helped 57,000 people get employed.
During the 14th Five-Year Plan period (2021-25), Guiyang will work to boost prosperity in all industries by guaranteeing the implementation of investment projects.
