The fourth Guizhou Shuanglong Airport Economic Zone investment promotion team in South China's Guangdong province visited 85 companies from March to August this year and signed a total of 26 framework cooperation agreements with Guangdong-based enterprises and nine formal contract projects with a total investment of 7.26 billion yuan ($1.14 billion).
Since 2019, the Shuanglong economic zone has selected two cadres each year to participate in the Guangdong investment promotion.
As of Aug 20, the nine projects signed by the investment promotion team in Guangdong have all been approved.
"Effective communication between the front and rear parties ensures timely reporting of framework agreements and formal contracts every month. In addition, the zone will strengthen the allocation of elements in advance to attract more projects," said Tang Wen, head of the investment promotion division of the zone's economic development bureau.
From January to September, the newly introduced industrial projects in the zone had an investment of 11.47 billion yuan in place, accounting for 69.49 percent of the annual target. The zone had introduced 12 headquarters economy projects and 22 so-called "excellent" and "strong" enterprises, accounting for 150 percent and 88 percent of the annual targets, respectively.