Page 106 - 2022 Special Report on the State of Business in South China
P. 106
Fig 9 Guangxi showed good momentum of steady growth
Source: Statistics Bureau of Guangxi
of 8.8%. Particularly, the proportion of exports of Recent Policies and Reforms
electromechanical products increased from 39.3%
in 2015 to 54.5% in 2020, and the proportion of The Outline of the 14th Five-Year Plan
exports of high-tech products increased from (2021-2025) for Guangxi Zhuang Autonomous
12.9% to 24.3%, which witnessed the optimized Region Economic and Social Development
trade structure of Guangxi during the 13th Five- and the Long-Range Objectives Through the
Year Plan. At the same time, the actual utilization Year 203562.
of foreign investment accumulated US$4.6 billion
from 2016 to 2020, ranked 19th in the country in On 19 April 2021, the Outline of the 14th Five-Year
2020. For consecutive 21 years, ASEAN has become Plan (2021-2025) for Guangxi Zhuang Autonomous
the largest trading partner of Guangxi, and the Region Economic and Social Development and the
import and export trade between Guangxi and Long-Range Objectives Through the Year 2035 was
ASEAN reached RMB237.4billion, accounting 48.8% released. It analyzes the potential cooperation with
of the overall import and export trade of Guangxi the ASEAN and the GBA, as well as sets main targets
in 2020. Nowadays, Guangxi has cooperated with 8 and specific plans for the economic and social
ASEAN countries on developing trade zone. China- development of the region. Specifically:
Indonesia Economic and Trade Cooperation Zone
and Malaysia-China Guantan Industrial Park, two Main Targets:
national-level extraterritorial economic zone are
under steadily construction61. - An average annual growth of GDP over 6.5%.
61 Statistics Bureau of Guangxi, http://tjj.gxzf.gov. - An average annual growth of investment in
cn/tjsj/yjbg/qq_267/t9840586.shtml R&D 22%.
- The proportion of digital economy accounts
for 6% of GDP by 2025.
Major Tasks:
- To further enhance the cooperation with
ASEAN, RCEP (Regional Comprehensive Economic
62 Government site of Guangxi, http://www.gxzf.
gov.cn/zfwj/zxwj/t8687263.shtml
106
Source: Statistics Bureau of Guangxi
of 8.8%. Particularly, the proportion of exports of Recent Policies and Reforms
electromechanical products increased from 39.3%
in 2015 to 54.5% in 2020, and the proportion of The Outline of the 14th Five-Year Plan
exports of high-tech products increased from (2021-2025) for Guangxi Zhuang Autonomous
12.9% to 24.3%, which witnessed the optimized Region Economic and Social Development
trade structure of Guangxi during the 13th Five- and the Long-Range Objectives Through the
Year Plan. At the same time, the actual utilization Year 203562.
of foreign investment accumulated US$4.6 billion
from 2016 to 2020, ranked 19th in the country in On 19 April 2021, the Outline of the 14th Five-Year
2020. For consecutive 21 years, ASEAN has become Plan (2021-2025) for Guangxi Zhuang Autonomous
the largest trading partner of Guangxi, and the Region Economic and Social Development and the
import and export trade between Guangxi and Long-Range Objectives Through the Year 2035 was
ASEAN reached RMB237.4billion, accounting 48.8% released. It analyzes the potential cooperation with
of the overall import and export trade of Guangxi the ASEAN and the GBA, as well as sets main targets
in 2020. Nowadays, Guangxi has cooperated with 8 and specific plans for the economic and social
ASEAN countries on developing trade zone. China- development of the region. Specifically:
Indonesia Economic and Trade Cooperation Zone
and Malaysia-China Guantan Industrial Park, two Main Targets:
national-level extraterritorial economic zone are
under steadily construction61. - An average annual growth of GDP over 6.5%.
61 Statistics Bureau of Guangxi, http://tjj.gxzf.gov. - An average annual growth of investment in
cn/tjsj/yjbg/qq_267/t9840586.shtml R&D 22%.
- The proportion of digital economy accounts
for 6% of GDP by 2025.
Major Tasks:
- To further enhance the cooperation with
ASEAN, RCEP (Regional Comprehensive Economic
62 Government site of Guangxi, http://www.gxzf.
gov.cn/zfwj/zxwj/t8687263.shtml
106
