A good ecological and living environment, preferential investment policies, rich natural resources and a sound industrial base are attractive factors for worldwide investors in Guiyang. Guiyang is abundant in mineral and energy resources, and boasts a comprehensive industrial base for resource exploitation. Being a southwestern provincial capital makes Guiyang an important transport and communications hub in China. Key industrial products and industries, such as aluminum, phosphorus, mechanical and electronic products, precise optical instruments, contemporary Chinese traditional medicines, grinding tools and abrasives, cigarettes and automobile parts, are well-developed in the city and enjoy fame nationwide. Since the central government implemented a western development strategy several years ago, Guiyang has become an increasingly attractive destination for foreign and domestic investors. In addition to the State's preferential policies for western development, the local government has also mapped out a series favorable policies for investors ranging from tax reduction to supports in fundraising, provision of subsidies and incentives in land use. More than 60 Top Global 500 companies and domestic Top 500 companies have been introduced into Guiyang. The scale of imports and exports in the city continues to expand, further optimizing commodities exports and inviting further investments.