Page 100 - 2020 Special Report on the State of Business in South China
P. 100
Guangxi
The Economy infrastructure, rural area development and poverty
relief. According to the government work report,
Guangxi Zhuang Autonomous there are ongoing major projects in highway,
Region – abbreviated railway, seaport, and airport constructions in 2018,
as Gui – is situated to the southwest of China, in addition to intracity railways in both Nanning
facing Vietnam across the Beibu Gulf. The and Liuzhou. There are also water dams, wind
province is thus involved in not only the economic turbines, nuclear plants, and irrigation projects in
development opportunities in Southern China, but construction to fully capture the natural resources
in the Western Region Development Program and that Guangxi has to offer.
connectivity with the ASEAN countries as well. The
province has a total area of 237,000 sq km, and Externally, Guangxi is determined to capitalize
population of 49.3m in 2018. The Zhuang people, on its geographic advantage to develop into a
the name of which is used for the name of the trade and logistic center especially serving the
region, is the largest minority in China, accounting China-ASEAN Free Trade Area (CAFTA). Nanning is
for around 40% of the total population in the the host of the annual China-ASEAN Expo, which
autonomous region. There are also eleven other highlights China’s market opening for ASEAN
major ethnics groups in the region. products, and China’s outbound investment into
ASEAN. Subsequently, ASEAN members have been
In 2018, Guangxi ranked 18th out of China’s Guangxi's largest trading partners for the past 18
31 provinces by size of economy, as it accounts years, as they contributed 50.2% of its foreign trade
for 2.3% of national GDP. Its main cities in terms in 2018.
of economic activities include Nanning, Liuzhou,
Guilin, Yulin, and Wuzhou. The primary industry Recent Policies and Reforms
remains a critical part of the economy while the
share of tertiary sector such as services stays Implementation Opinions on Promoting
relatively low when compared to the other the Innovation of Economic and Techno-
provinces. Automobile manufacturing, sugar logical Development Zones and Creating a
manufacturing and non-ferrous metal smelting New Frontier of Reform and Opening up
and pressing are the three top industries in terms
of industrial output. On November 6, 2019, the People’s Government
of Guangxi Zhuang Autonomous Region released
In particular, the automobile industry in Guangxi, the “Implementation Opinions on Promoting
based in Liuzhou, is one of the top production the Innovation of Economic and Technological
centers in China, with hubs for SAIC, FAW, Dongfeng Development Zones and Creating a New Frontier of
and Sinotruk as well as local corporates such as Reform and Opening up” (the “Guangxi Innovation
Wuling. Among new, higher value-added industries, Plan”), aiming to promote innovation in opening
pharmaceuticals have become a special focus in up, institutions, and science and technology, in
Guangxi with its history as a major production base order to achieve “double improvement” in foreign
for Traditional Chinese Medicines. cooperation and economic development quality
in economic development zones. The Guangxi
Compared to the more developed provinces Innovation Plan requires that by 2025, the national
in the eastern area, Guangxi continues to benefit economic development zones in Guangxi Zhuang
significantly from investments on government
100
The Economy infrastructure, rural area development and poverty
relief. According to the government work report,
Guangxi Zhuang Autonomous there are ongoing major projects in highway,
Region – abbreviated railway, seaport, and airport constructions in 2018,
as Gui – is situated to the southwest of China, in addition to intracity railways in both Nanning
facing Vietnam across the Beibu Gulf. The and Liuzhou. There are also water dams, wind
province is thus involved in not only the economic turbines, nuclear plants, and irrigation projects in
development opportunities in Southern China, but construction to fully capture the natural resources
in the Western Region Development Program and that Guangxi has to offer.
connectivity with the ASEAN countries as well. The
province has a total area of 237,000 sq km, and Externally, Guangxi is determined to capitalize
population of 49.3m in 2018. The Zhuang people, on its geographic advantage to develop into a
the name of which is used for the name of the trade and logistic center especially serving the
region, is the largest minority in China, accounting China-ASEAN Free Trade Area (CAFTA). Nanning is
for around 40% of the total population in the the host of the annual China-ASEAN Expo, which
autonomous region. There are also eleven other highlights China’s market opening for ASEAN
major ethnics groups in the region. products, and China’s outbound investment into
ASEAN. Subsequently, ASEAN members have been
In 2018, Guangxi ranked 18th out of China’s Guangxi's largest trading partners for the past 18
31 provinces by size of economy, as it accounts years, as they contributed 50.2% of its foreign trade
for 2.3% of national GDP. Its main cities in terms in 2018.
of economic activities include Nanning, Liuzhou,
Guilin, Yulin, and Wuzhou. The primary industry Recent Policies and Reforms
remains a critical part of the economy while the
share of tertiary sector such as services stays Implementation Opinions on Promoting
relatively low when compared to the other the Innovation of Economic and Techno-
provinces. Automobile manufacturing, sugar logical Development Zones and Creating a
manufacturing and non-ferrous metal smelting New Frontier of Reform and Opening up
and pressing are the three top industries in terms
of industrial output. On November 6, 2019, the People’s Government
of Guangxi Zhuang Autonomous Region released
In particular, the automobile industry in Guangxi, the “Implementation Opinions on Promoting
based in Liuzhou, is one of the top production the Innovation of Economic and Technological
centers in China, with hubs for SAIC, FAW, Dongfeng Development Zones and Creating a New Frontier of
and Sinotruk as well as local corporates such as Reform and Opening up” (the “Guangxi Innovation
Wuling. Among new, higher value-added industries, Plan”), aiming to promote innovation in opening
pharmaceuticals have become a special focus in up, institutions, and science and technology, in
Guangxi with its history as a major production base order to achieve “double improvement” in foreign
for Traditional Chinese Medicines. cooperation and economic development quality
in economic development zones. The Guangxi
Compared to the more developed provinces Innovation Plan requires that by 2025, the national
in the eastern area, Guangxi continues to benefit economic development zones in Guangxi Zhuang
significantly from investments on government
100
