(Yicai Global) Sept. 1 -- The government of Guizhou province in southwest China signed strategic cooperation framework agreement with the State Development and Investment Corporation (SDIC) in the provincial capital of Guiyang to actively invest in key projects of elder care, medical care and healthcare, and participate in equity diversity and mixed ownership reform of state-owned assets and enterprises in Guizhou, SDIC said on its official website on Aug. 31.

Per the agreement, SDIC will integrate the economic and social development of Guizhou to transformative upgrading, and innovative development, and fortify comprehensive cooperation in poverty alleviation through industrialization, local-character tourism, Big Data, medical care, localized therapy, state-owned asset and enterprise reform, mining and financial services.

SDIC will strengthen investment in mountain-area tourism, resource development and characteristic plantation and cultivation in poverty-stricken areas of Guizhou, per the announcement. It will also broaden its cooperation with leading tourist enterprises, use own funds and foundations for overall control, participate in and invest in advanced manufacturing industries and strategic emerging industries in Guizhou. It will also actively invest in elder care, medical care and health projects, participate in equity diversity and mixed-ownership reform of state-owned assets and enterprises in the province, and help Guizhou develop fine and deep processing industries. SDIC will further expand the distribution of its financial institutions in Guizhou, and advance poverty alleviation and simultaneously realize a moderately prosperous society.