China Resources to pump $14.5b into Guiyang cluster

China Resources (Holdings) Co Ltd is to invest 100 billion yuan ($14.5 billion) to construct a service industry cluster by 2022 in Guiyang, capital of China's southwestern Guizhou province, taking advantage of the city's key geographic location and existing strengths in its big data industry.

"Instead of heavy industry, the city of Guiyang attaches more importance to healthcare, tourism, ecology and big data industries," said Wu Bingqi, senior vice-president of China Resources Land Limited, a subsidiary of China Resources.

"Big data means quicker and more flexible services", Wu said. "It provides an online platform for information collecting and sharing, which could be applied in every aspect of public service," added Wu.