China's Guizhou targets $150 bln investment from outside

GUIYANG - Southwest China's Guizhou province has set a target of attracting 950 billion yuan ($150 billion) of actual investment from outside the province this year, according to its investment action plan.

The province aims to attract more than 1,000 companies with good growth potential in such fields as advanced manufacturing, big data and electronics, health and medicine, unique agriculture, and mountain tourism in 2018.

Last year, Guizhou attracted 880 billion yuan of actual investment from outside.

It will strengthen industrial cooperation with the Pearl River Delta, Yangtze River Delta, and Beijing-Tianjin-Hebei regions, the three economic powerhouses of the country.

The province also plans to attract small and medium-sized enterprises from countries such as Switzerland, Germany, the United States, and Japan as well as regions such as Hong Kong, Macao, and Taiwan, according to its plan.

Guizhou is one of the least developed regions in China, but it has become a pioneer in big data due to its climate, power supply, and network infrastructure.