Representatives of the Guiyang FTZ and Xinji Industry Group sign an agreement to construct a demonstration area for hotel product manufacturing and trading. [Photo/guiyang.gov.cn]
The Guiyang Free Trade Zone (Guiyang FTZ) in Guiyang, capital of Southwest China's Guizhou province, signed a business cooperation agreement with Xinji Industry Group on Feb 22.
The company is based in Guangzhou, capital of South China's Guangdong province, and according to the agreement, it will establish a hotel product manufacturing and trading demonstration area in the Guiyang FTZ.
The demonstration area will be home to hotel product manufacturing centers, headquarters, R&D centers, exhibitions, luxury hotels, and industrial tourism attractions.
Yao Feiyang, director of the Guiyang FTZ Administrative Committee, welcomed the company's investment and said that the Guiyang FTZ would establish a special work team to help the demonstration area start construction in the first half of this year.