Guiyang FTZ aims to attract investment by optimizing its business environment. [Photo/ddcpc website]
Guiyang Free Trade Zone in Guiyang, capital of Southwest China's Guizhou province, is striving to attract the investment of high-tech projects and foreign trade companies to boost the zone's economic development.
In May this year, Guizhou Jijuan Semiconductor Technology Co was established in the zone. The company packages and tests LED display chips and TDDI display driver chips for mobile phones, and provides products to famous brands such as Huawei and Xiaomi.
Currently, the company has five production lines in operation, and will establish glass cover plate production lines, circuit board production lines, backlight production lines, and mobile phone screen fitting production lines.
It aims to achieve no less than 5.1 billion yuan ($705.36 million) in output value within the next seven years.
Since the beginning of this year, Guiyang FTZ has sent investment promotion teams and successfully signed 26 projects into effect.
Guiyang FTZ considers the optimization of its business environment to be an important measure to boost the development of market entities, ensure employment, and attract foreign investment.
The zone believes that enterprises can only develop in a healthy business environment.
In the future, Guiyang FTZ will focus on its pillar industries and make every effort to attract a number of industrial chain projects, major projects and high-quality projects.
It will use various forms of investment promotion, such as intermediary investment attraction, entrusted investment attraction, and attract investment with current projects and companies.