Page 58 - 2015_SpecialReport_web
P. 58
5 Special Report on the State of Business in South China
4. Guangxi Zhuang Autonomous Region
Link to South Asia cement- and steelworks in Liuzhou, as well as machinery
production in Nanning and Wuzhou. Pinyang produces ce-
As the only province of China with both land and water ramics, fans, felt caps, copperware, combs, brushes and straw
connections to Southeast Asia, Guangxi’s position was signi - bonnets.
cantly enhanced by the inauguration of the China-ASEAN
Free Trade Area in early 2010. e province borders Vietnam In January 2012, Sinopec opened a renovated re nery in
to the west and is connected to Hong Kong and Macau by the coastal city of Beihai. e new facility can re ne 100,000
the Xi River. Cross-border, small-value trade with Vietnam barrels per day, and is integrated with a 200,000 ton-per-year
accounted for around 40 percent of Guangxi’s total exports polypropylene unit for producing plastics.
in 2013.
Spotlight on Development Zones
e provincial capital of Nanning in particular plays a key Guangxi is also home to new high-tech development zones
role in China-ASEAN relations. e city is the permanent
home of the annual China-ASEAN Expo and the China- aimed at attracting investors in the logistics, bio-engineering,
ASEAN Economic Park, a provincial-level park based in the IT, electronic components and shipping industries. e
Nanning Overseas Chinese Investment Zone, which aims to Nanning-Guizhou-Kunming Economic Belt and the Beibu
enhance cooperation between the region and the ASEAN Gulf Economic Zone are being constructed and e orts are
countries. being taken to enhance the cooperation with Taiwan and
other areas in and outside of Guangxi. At present, over 3,000
Economy companies have settled into Guangxi’s 37 industrial parks,
including China Petroleum, SDIC Power Holdings, Sinar
Guangxi is home to many ethnic minority groups and its Mas Group of Indonesia, Noble Group of Singapore, China
economy is based on agriculture and tourism (especially the National Cereals, Oils and Foodstu s Corporation (COFCO)
city of Guilin, known for its proximity to the Lijiang River and Coca Cola.
and Karst Peaks). Key agricultural products include sugar-
cane, of which Guangxi is the leading producer in China, and e High-Tech Industrial Development Zones of Nan-
silk-worm products. Major grain crops include rice, maize, ning, Liuzhou, Qinzhou, Guilin, and Yuchai all created an
wheat and sweet potatoes. Leading commercial crops include industrial output value over RMB10 billion in 2011. In ad-
peanuts, sesame, ramie, tobacco, tea, cotton, and indigo. dition to industrial output value, the development zones are
Guangxi is also a major producer of fruit: most notably pom- a key source of jobs in the province. e province’s industrial
elos, tangerines, mandarin oranges, lemons, lychee, pears, zones have been developing their industrial cluster according
papayas, bananas and pineapples. e region’s timber (san- to the area characteristics. For example, the coastal areas of
dalwood and cork) and shing industries are both important Qinzhou, Beihai and Fangcheng are now focused on petro-
contributors to the local economy. chemicals, power plants, manganese steel, sugar, and high-
tech products.
e province is also known for its wide variety of minerals
and metals, and its aluminum processing industry. In 2011, E orts have been made by the local government to increase
Guangxi launched a new materials research and development both foreign- and domestic investment in the region. Global
center, investing RMB30 million in R&D for new metallic companies like Toyota, General Motors, NEC and IBM have
materials, the comprehensive utilization of low-quality iron all made investments in Guangxi. Many large enterprises have
resources, and laterite-nickel ore. established regional headquarters in the city since July 2010
(when incentives were introduced to encourage doing so), in-
Food processing, auto manufacturing, petrochemicals, cluding the brewer, Tsingtao, and household appliance maker,
power generation, nonferrous metals, metallurgy and ma- Haier.
chinery are the seven key industries of Guangxi. In addition,
building materials, pharmaceutics, textiles and garments, As part of the China-ASEAN framework, the Pan-Beibu
shipbuilding, as well as the marine equipment manufactur- Gulf Economic Cooperation Zone comprises the Guangxi
ing industries have grown rapidly in recent years. Pine resin Zhuang autonomous region, Guangdong and Hainan prov-
is notable as an export-oriented commodity produced in the inces, Vietnam, Malaysia, Singapore, Indonesia, the Philip-
city of Wuzhou. e province’s heavy industries include iron, pines and Brunei.
58
4. Guangxi Zhuang Autonomous Region
Link to South Asia cement- and steelworks in Liuzhou, as well as machinery
production in Nanning and Wuzhou. Pinyang produces ce-
As the only province of China with both land and water ramics, fans, felt caps, copperware, combs, brushes and straw
connections to Southeast Asia, Guangxi’s position was signi - bonnets.
cantly enhanced by the inauguration of the China-ASEAN
Free Trade Area in early 2010. e province borders Vietnam In January 2012, Sinopec opened a renovated re nery in
to the west and is connected to Hong Kong and Macau by the coastal city of Beihai. e new facility can re ne 100,000
the Xi River. Cross-border, small-value trade with Vietnam barrels per day, and is integrated with a 200,000 ton-per-year
accounted for around 40 percent of Guangxi’s total exports polypropylene unit for producing plastics.
in 2013.
Spotlight on Development Zones
e provincial capital of Nanning in particular plays a key Guangxi is also home to new high-tech development zones
role in China-ASEAN relations. e city is the permanent
home of the annual China-ASEAN Expo and the China- aimed at attracting investors in the logistics, bio-engineering,
ASEAN Economic Park, a provincial-level park based in the IT, electronic components and shipping industries. e
Nanning Overseas Chinese Investment Zone, which aims to Nanning-Guizhou-Kunming Economic Belt and the Beibu
enhance cooperation between the region and the ASEAN Gulf Economic Zone are being constructed and e orts are
countries. being taken to enhance the cooperation with Taiwan and
other areas in and outside of Guangxi. At present, over 3,000
Economy companies have settled into Guangxi’s 37 industrial parks,
including China Petroleum, SDIC Power Holdings, Sinar
Guangxi is home to many ethnic minority groups and its Mas Group of Indonesia, Noble Group of Singapore, China
economy is based on agriculture and tourism (especially the National Cereals, Oils and Foodstu s Corporation (COFCO)
city of Guilin, known for its proximity to the Lijiang River and Coca Cola.
and Karst Peaks). Key agricultural products include sugar-
cane, of which Guangxi is the leading producer in China, and e High-Tech Industrial Development Zones of Nan-
silk-worm products. Major grain crops include rice, maize, ning, Liuzhou, Qinzhou, Guilin, and Yuchai all created an
wheat and sweet potatoes. Leading commercial crops include industrial output value over RMB10 billion in 2011. In ad-
peanuts, sesame, ramie, tobacco, tea, cotton, and indigo. dition to industrial output value, the development zones are
Guangxi is also a major producer of fruit: most notably pom- a key source of jobs in the province. e province’s industrial
elos, tangerines, mandarin oranges, lemons, lychee, pears, zones have been developing their industrial cluster according
papayas, bananas and pineapples. e region’s timber (san- to the area characteristics. For example, the coastal areas of
dalwood and cork) and shing industries are both important Qinzhou, Beihai and Fangcheng are now focused on petro-
contributors to the local economy. chemicals, power plants, manganese steel, sugar, and high-
tech products.
e province is also known for its wide variety of minerals
and metals, and its aluminum processing industry. In 2011, E orts have been made by the local government to increase
Guangxi launched a new materials research and development both foreign- and domestic investment in the region. Global
center, investing RMB30 million in R&D for new metallic companies like Toyota, General Motors, NEC and IBM have
materials, the comprehensive utilization of low-quality iron all made investments in Guangxi. Many large enterprises have
resources, and laterite-nickel ore. established regional headquarters in the city since July 2010
(when incentives were introduced to encourage doing so), in-
Food processing, auto manufacturing, petrochemicals, cluding the brewer, Tsingtao, and household appliance maker,
power generation, nonferrous metals, metallurgy and ma- Haier.
chinery are the seven key industries of Guangxi. In addition,
building materials, pharmaceutics, textiles and garments, As part of the China-ASEAN framework, the Pan-Beibu
shipbuilding, as well as the marine equipment manufactur- Gulf Economic Cooperation Zone comprises the Guangxi
ing industries have grown rapidly in recent years. Pine resin Zhuang autonomous region, Guangdong and Hainan prov-
is notable as an export-oriented commodity produced in the inces, Vietnam, Malaysia, Singapore, Indonesia, the Philip-
city of Wuzhou. e province’s heavy industries include iron, pines and Brunei.
58
