Guilin city in Guangxi Zhuang autonomous region signed 12 projects with an overall investment of 29.9 billion yuan ($4.47 billion) during a matchmaking event held in Shenzhen, Guangdong province on Nov 4.
Construction began on the 1.5-square-kilometer China-ASEAN Guilin (Guanyang) Outdoor Ice and Snow Tourism Training Base on Aug 8, which is expected to be the largest alpine skiing tourism resort with diversified ski runs in South China.