Baiyun Lake Street promoted a number of key projects with a total investment of more than 10 billion yuan ($1 billion) at the signing ceremony for high-quality development and key projects on Feb 25.

The signed projects cover the digital economy, artificial intelligence, modern technology, and international logistics industries, which will further improve the high-end industrial chain of Baiyun Lake Street.

In addition, a smart investment platform for Baiyun Lake Street was jointly established by influential associations, such as the Guangdong Manufactures Association and the Association of Promotion for Guangzhou Industrial Merchants Investment.

The platform will combine with Baiyun Lake Street's existing industrial layout to attract more leading enterprises to settle in. Eventually, this will create an agglomeration effect for the district's digital technology industry.

Baiyun Lake Street aims to build a digital economy headquarters base and a new ecology for the metaverse industry.

It will strive to achieve a GDP growth of more than 9 percent, an industrial output growth of more than 9 percent, as well as a double-digit growth in fixed assets investment, thus driving the high-quality development of Baiyun district.

Baiyun holds a high-quality development and key projects signing ceremony. [Photo/WeChat account: gz_baiyunfabu]