Guizhou attracts private enterprises to speed up economy

Updated: 2011-10-18 17:33

(chinadaily.com.cn)

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A conference for the promotion of the economic development of Guizhou province was held in Beijing Monday, aiming to attract more private enterprises to invest in the Southwest China province.

The conference was held by the provincial government of Guizhou as a warm-up for the conference for the development of Guizhou organized by the All-China Federation of Industry and Commerce (ACFIC), which is scheduled to be held in late December.

At the conference, municipal and county governments of Guizhou introduced guests to their favorable policies, such as industrial zones and related projects.

The major industries and projects discussed include equipment manufacturing, special local food, modern medicine, phosphorus and coal chemicals, energy, modern electronic information and strategic emerging industries.

Lv Mengliang, vice governor of Guizhou, said the provincial government had been working to improve the economic environment for the private enterprises since late March. The development of private economy in Guizhou was showing a fast, healthy and continuous growth that had a significant contribution to the economic and social development of Guizhou.

Guizhou aimed to double the number and total economy of its private enterprises. It also hopes to increase the employment and innovation abilities of its private enterprises by 100 percent.

Dai Wei, deputy secretary of Beijing municipal government, said it was a win-win opportunity for Beijing and Guizhou as the two sides could complement each other in economic development. He encouraged private enterprises in Beijing to invest in Guizhou.

Beijng is the first stop of the series promotion conferences. The following will be held in cities such as Qingdao of East China's Shandong province, Quanzhou of East China's Fujian province and Wuxi of East China's Jiangsu province.

Member enterprises of the ACFIC, delegates from the top 500 enterprises in the world, China's top 500 companies and top 500 private enterprises will participate in the conferences.