Guian New Area poised to attract 33 billion yuan in 2022

The Guian New Area in Southwest China's Guizhou province is understood to be aiming to attract 33 billion yuan ($5.2 billion) in paid-up investments for newly-introduced projects in 2022.

During the current year, Guian is expected to start the construction of more than 2 million square meters of factories, 1 million of which are scheduled to be completed by the end of December.

It's envisaged that Guian will expand its supply chains for intelligent terminals, servers, aerospace components, electrical machines, vehicles, batteries and new semiconductors.

To help create a sound business ecosystem, Guian is offering up to 1 million yuan in bonuses for newly-introduced manufacturers, internet companies, foreign-invested companies and foreign trade companies.

When completed, the Guiyang big data sci-tech innovation city in Guian – which covers a total area of 54 square kilometers – aims to attract investments related to artificial intelligence, big data, blockchain and cloud computing.

Buildings B and C of the innovation city are scheduled to be completed in late March and it is expected that it will complete construction of 2.3 million square meters of industrial buildings and 4.3 sq m of residential buildings in 2025.

In 2022, Guian is also understood to be aiming to sign up 26 billion yuan of projects, including 16.5 billion yuan of industrial projects and 2 billion yuan of projects being invested by central government-owned companies.