CBI member ABB, the Guiyang Municipal Government, and the Guiyang Free Trade Zone signed a Memorandum of Understanding (MOU) on Strategic Cooperation to explore in-depth cooperation in areas such as energy, industry, transportation, and infrastructure.
With the opportunities brought in recent years by China’s Go West strategy as well as its own resources and ecology, Guizhou Province has experienced strong economic development.
As the capital of Guizhou, Guiyang is an important hub of transportation and communication, an industrial base, and a commercial centre in southwest China. Taking the development of high-speed rail as an example, the Guiyang-Guangzhou, Changsha-Guiyang, Guiyang-Kunming, and Chengdu-Guiyang high-speed railway lines will all be gradually completed in the coming years, helping to create southwest China’s “one-hour economic circle” with Guiyang as the centre.
According to the MOU, ABB will use its advanced power and automation products and solutions to support Guiyang’s sustainable development. ABB has green and efficient technologies in three major areas—smart grid and city, smart manufacturing and production, and smart home and building—that can help customers from utility, industry, transportation, and infrastructure to reduce energy consumption, improve productivity and product quality, and lower environmental impact, thus achieving industrial upgrading.
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