Hechi reports strong investment figures

The city of Hechi attracted a total of 36.7 billion yuan ($5.7 billion) from domestic investors in 2020, representing a year-on-year increase of 12.85 percent; while utilized foreign investment was $12.69 million, up 26.9 percent year-on-year, officials announced during an investment promotion conference held on May 7.

Last year marked the conclusion of the 13th Five-Year Plan period (2016-20). During the past five years, the city's investment funds totaled 153.05 billion yuan, with an average annual increase of 9.65 percent, while funds in strategic emerging industries totaled 15.08 billion yuan, growing an average of 35.98 percent each year.

Thanks to the investment promotion policy of Guangxi Zhuang autonomous region, a total of 184 projects contracted to receive investment from State-owned enterprises, private companies, and Greater Bay Area companies, were signed in Hechi last year, with a total intended investment of 107.19 billion yuan.

Among them, 166 projects were implemented and construction work has started on a further 133. The rates of contract compliance and ongoing construction work both ranked first in the region.