Guanshanhu works to grow private economy

Guanshanhu district in Guiyang, capital of Southwest China's Guizhou province, held its private economy high-quality development and business environment optimization conference on April 19.

It was the first district-level private economy high-quality development conference ever to be held in the province.

Guiyang Zhong'an Technology Group Co in Guanshanhu district. [Photo/Guiyang Daily]

As revealed at the conference, Guanshanhu will focus on building its brands, enhancing incentive measures, cultivating private entrepreneurs, and more to promote the high-quality development of its private economy.

Starting in 2024, the top 10 private enterprises in Guanshanhu will be selected annually, while the annual economic figure of private enterprises in Guanshanhu will be selected every two years. The park star award for the Guiyang Southwest International Trade City will be introduced this year.

The production line of Guizhou Geely Automobile Manufacturing Co in Guanshanhu district. [Photo/Guiyang Daily]

Efforts will be made to cultivate private entrepreneurs and nurture a batch of enterprises with strong development potential. These efforts are meant to help with the transformation and upgrading of enterprise.

Continued efforts will also be made to strengthen chambers of commerce. By the end of 2027, Guanshanhu plans to establish more than 30 district-owned chamber of commerce organizations and 10 industry-specific chambers of commerce, nurturing over 10 excellent chambers of commerce.

Guizhou Toro Group in Guanshanhu district. [Photo/Guiyang Daily]

In recent years, Guanshanhu has attached great importance to the development of the private economy and the optimization of its business environment.

By the end of 2023, Guanshanhu had a total of 113,836 private market entities, including 61,090 individual industrial and commercial households and 52,746 enterprises.