Guiyang Free Trade Zone [Photo provided to english.guiyang.gov.cn]
Guiyang Free Trade Zone (FTZ) in Guiyang, Southwest China's Guizhou province, recorded economic development during the 13th Five-Year Plan period (2016-20), with a range of economic indicators showing steady growth, according to local media reports.
During the period, the FTZ completed fixed asset investment of 16.69 billion yuan ($2.57 billion). The added value of industries above a designated scale was 317 million yuan. The general public budget revenue was 524 million yuan.
The amount of foreign investment in actual use was $780 million. Total imports and exports totaled $4.69 billion.
The FTZ has been focusing on the construction and upgrading of its infrastructure. Over the past five years, it built a total of 642,000 square meters of standard factory buildings and bonded warehouses.
It also completed 200,000 sq m of industrial supporting facilities.
The FTZ introduced a total of 112 industrial projects worth 80 million yuan during the period, as well as attracting two Fortune Global 500 companies.