The Guizhou Provincial Development and Reform Commission recently issued a notice to stimulate and promote the rapid growth of private investment.
In 2023, Southwest China's Guizhou province plans to invest 115 billion yuan ($16.72 billion) in road and water transportation, including the construction of 200 kilometers of expressways, 100 km of national highways, and 500 km of tertiary roads or above in counties and towns.
In 2023, Southwest China's Guizhou province aims to attract more than 200 digital economic projects with high growth potential and invest 20 billion yuan ($2.92 billion) in big data.
In 2022, the cross-border renminbi settlement of Southwest China's Guizhou province reached 28.69 billion yuan ($4.19 billion), which shows an increase of 44.3 percent year-on-year, according to Guiyang Central Sub-branch of the People's Bank of China.
Meitan county in Zunyi, Southwest China's Guizhou province, has ranked first among China's top 100 tea-oriented counties for three years in a row, according to recent news.
Central authorities recently announced the implementation of a plan to support the high-quality development of Guizhou province's culture and tourism industry.
During the first 11 months of this year, the total foreign trade value of Southwest China's Guizhou province hit 67.66 billion yuan ($9.71 billion), which increased by 18.9 percent from 2021.