State-owned investment bolsters Guizhou development

The Guizhou provincial government signed a strategic agreement with the State Development & Investment Corporation (SDIC) in Guiyang on Aug 30.

The two sides will deepen cooperation in the fields of poverty alleviation, tourism, big data, mining and financial services.

SDIC is a state-owned investment holdings company. The company has pledged to invest more in the mining and planting of remote areas in Guizhou province. It will also make deals with local travel agencies to promote mountain tourism.

For Guizhou’s emerging industries, SDIC plans to invest in some major projects, and will also invest in medical services and healthcare projects to improve the lives of local residents.