Page 102 - 2020 Special Report on the State of Business in South China
P. 102
production centers in China, with hubs for SAIC, FAW, Dongfeng and Sinotruk as well as
local corporates such as Wuling. Among new, higher value-added industries,
pharmaceuticals have become a special focus in Guangxi with its history as a major
production base for Traditional Chinese Medicines.
Fig 9FGiguaGnugaxnigixsi iosnoeneoofftthheemmaajojroaruatoumtoobmileopbrioledupcrtioonduhucbtioinnChhiunabs in China
Top 10 automobile production hubs in China
3.5
3.0
2.5
m units2.0
1.5
1.0
0.5
0.0 Hubei Guangxi Chongqing Beijing Jiangsu Hebei Zhejiang
Guangdong Shanghai Jilin
NoteN: Aostoef:2A0s18of 2018
SourSceo:uWricned: Wind
Compared to the more developed provinces in the eastern area, Guangxi continues to
benefit significantly from investments on government infrastructure, rural area development
cAoumtopapinnrnrtoeordajhempcecioonttysvsueriisvnarteiyhlRweiregaceghoyliiwesnofaoin.nymA,bacrioccacthoishlwrtiderNaeivnyane,gngsnttteohhinaetsgphhoeaforontgu,ldollaodvLnweiidumrinznaphmgirrop:oeuonv(.iert)Ttwhcooernrkesrtaeareucurpeoctootnairontol,snomtoshmiewicnoraedu2tees0avr1rreed8ela,ogomiipnnogmsnao,,ediwnandigninttiddmozontafunojtrooecbrsuinsteionsg,deovnelsouppppeoortpinleg-
significantly, and the average annual growth rate oriented service industries such as logistics,
of regional GDP should be more than 20%; (ii) the conventions and exhibitions, industrial design,
average growth rate should be more than 15%; scientific and technological consulting, intellectual
(iii) the level of foreign trade should continuously property services, inspection and certification,
increase, with the total value of imports and human resources, medical and health, community
exports increasing by more than 10% annually; services, etc.
and (iv) the number of enterprises should increase
in line with quality, and the number of enterprises - Enhancing industrial innovation and
should increase by more than 30% annually. development capabilities, introducing high-level
Specific measures include: R&D platforms, expanding financing channels
for technological enterprises, and establishing
- Promoting the development of modern market-oriented technology transfer systems at
industries in economic and technological home and abroad.
development zones, developing advantageous
leading industries, designing industrial panoramas Implementation Opinions on
for each district and city, and promoting the Revitalizing Rural Areas by Expanding
construction of economic development zones Financing Services
based on industrial characteristics.
On August 28, 2019, the People’s Government
- Focusing on cultivating industrial clusters, of Guangxi Zhuang Autonomous Region released
strengthening upstream and downstream industrial the “Implementation Opinions on Revitalizing
layout planning, and promoting the establishment of Rural Areas by Expanding Financing Services”,
symbiotic and complementary industrial ecosystems which propose revitalization of rural areas by
in economic development zones. expanding financing services through 2019-
2023. This requires continuous improvements
- Accelerating the development of modern in the agriculture-related financial supply,
service industries, integrating special funds for precision financial poverty alleviation,
the development of service industries in the comprehensive rural financial service systems,
102
local corporates such as Wuling. Among new, higher value-added industries,
pharmaceuticals have become a special focus in Guangxi with its history as a major
production base for Traditional Chinese Medicines.
Fig 9FGiguaGnugaxnigixsi iosnoeneoofftthheemmaajojroaruatoumtoobmileopbrioledupcrtioonduhucbtioinnChhiunabs in China
Top 10 automobile production hubs in China
3.5
3.0
2.5
m units2.0
1.5
1.0
0.5
0.0 Hubei Guangxi Chongqing Beijing Jiangsu Hebei Zhejiang
Guangdong Shanghai Jilin
NoteN: Aostoef:2A0s18of 2018
SourSceo:uWricned: Wind
Compared to the more developed provinces in the eastern area, Guangxi continues to
benefit significantly from investments on government infrastructure, rural area development
cAoumtopapinnrnrtoeordajhempcecioonttysvsueriisvnarteiyhlRweiregaceghoyliiwesnofaoin.nymA,bacrioccacthoishlwrtiderNaeivnyane,gngsnttteohhinaetsgphhoeaforontgu,ldollaodvLnweiidumrinznaphmgirrop:oeuonv(.iert)Ttwhcooernrkesrtaeareucurpeoctootnairontol,snomtoshmiewicnoraedu2tees0avr1rreed8ela,ogomiipnnogmsnao,,ediwnandigninttiddmozontafunojtrooecbrsuinsteionsg,deovnelsouppppeoortpinleg-
significantly, and the average annual growth rate oriented service industries such as logistics,
of regional GDP should be more than 20%; (ii) the conventions and exhibitions, industrial design,
average growth rate should be more than 15%; scientific and technological consulting, intellectual
(iii) the level of foreign trade should continuously property services, inspection and certification,
increase, with the total value of imports and human resources, medical and health, community
exports increasing by more than 10% annually; services, etc.
and (iv) the number of enterprises should increase
in line with quality, and the number of enterprises - Enhancing industrial innovation and
should increase by more than 30% annually. development capabilities, introducing high-level
Specific measures include: R&D platforms, expanding financing channels
for technological enterprises, and establishing
- Promoting the development of modern market-oriented technology transfer systems at
industries in economic and technological home and abroad.
development zones, developing advantageous
leading industries, designing industrial panoramas Implementation Opinions on
for each district and city, and promoting the Revitalizing Rural Areas by Expanding
construction of economic development zones Financing Services
based on industrial characteristics.
On August 28, 2019, the People’s Government
- Focusing on cultivating industrial clusters, of Guangxi Zhuang Autonomous Region released
strengthening upstream and downstream industrial the “Implementation Opinions on Revitalizing
layout planning, and promoting the establishment of Rural Areas by Expanding Financing Services”,
symbiotic and complementary industrial ecosystems which propose revitalization of rural areas by
in economic development zones. expanding financing services through 2019-
2023. This requires continuous improvements
- Accelerating the development of modern in the agriculture-related financial supply,
service industries, integrating special funds for precision financial poverty alleviation,
the development of service industries in the comprehensive rural financial service systems,
102
