Page 118 - 2022 Special Report on the State of Business in South China
P. 118
le industries, including electric vehicles, textile Summary
and garments, green building materials, deep
processing of agricultural products74. Guangxi Province has fully integrated with the
GBA, through the Dongxing Experimental Zone,
Guangxi Dongrong Pioneering Demon- Pearl River-Xijiang Economic Belt, Guangdong-
stration Zone (Hezhou) Guizhou Cooperation Special Experimental Zone
and Dongrong Pilot Demonstration Zone, by
Hezhou is adjacent to Guangdong, Hong Kong building strategic emerging industries, including
and Macao, and is a thoroughfare between the new energy vehicles, biomedicine, Intelligent
three provinces of Guangxi, Guangdong and equipment and other advanced manufacturing
Hunan. It is located at the midpoint between industries. Guangxi Province seeks to promote
Guangzhou and Guilin, and is also an important the transformation and upgrade of trade, enhance
fulcrum for economic integration, industrial trade facilitation, promote the facilitation of
docking and cultural exchange between Guangxi, cross-border investments and financing, deepen
Guangdong, Hong Kong and Macao. In May 2019, opening-up and innovation in the financial sector,
the development plan of Guangxi Eastern Advance and build a financial gateway to ASEAN. Guangxi
Demonstration Zone and its three-year plan were has deepened reforms in the fields of investment
approved by the government of autonomous and foreign trade, established cooperation with
region, and Hezhou was officially given the new ASEAN and member states, established data
positioning and new mission of building "Guangxi centers, and promoted the development of
Eastern Advance Demonstration Zone". information technology.
In 2020, Hezhou's GDP reached 7% YoY growth,
ranking the 2nd in the region, and the total
economy size exceeded RMB70 billion. In the first
half of 2021, Hezhou maintained its continuous
development with 15.6% GDP growth. From
January to July, 95 new projects have been located
in Hezhou and 54 are from the GBA. Hezhou will
focus on developing the manufacturing industry
to achieve the total output value of RMB71 billion
by 2023. Meanwhile the average annual growth of
manufacturing investment will reach 20%. Hezhou
will also continue to strengthen the infrastructure
construction and promote the integration with
the GBA market75.
74 Government of Guangxi, http://www.gxzf.gov.
cn/mlgxi/gxjj/xjjjd/t7731795.shtml
75 Government of Guangxi, http://www.gxzf.gov.
cn/zt/xwfb/xwfbh0823/index.shtml
118
and garments, green building materials, deep
processing of agricultural products74. Guangxi Province has fully integrated with the
GBA, through the Dongxing Experimental Zone,
Guangxi Dongrong Pioneering Demon- Pearl River-Xijiang Economic Belt, Guangdong-
stration Zone (Hezhou) Guizhou Cooperation Special Experimental Zone
and Dongrong Pilot Demonstration Zone, by
Hezhou is adjacent to Guangdong, Hong Kong building strategic emerging industries, including
and Macao, and is a thoroughfare between the new energy vehicles, biomedicine, Intelligent
three provinces of Guangxi, Guangdong and equipment and other advanced manufacturing
Hunan. It is located at the midpoint between industries. Guangxi Province seeks to promote
Guangzhou and Guilin, and is also an important the transformation and upgrade of trade, enhance
fulcrum for economic integration, industrial trade facilitation, promote the facilitation of
docking and cultural exchange between Guangxi, cross-border investments and financing, deepen
Guangdong, Hong Kong and Macao. In May 2019, opening-up and innovation in the financial sector,
the development plan of Guangxi Eastern Advance and build a financial gateway to ASEAN. Guangxi
Demonstration Zone and its three-year plan were has deepened reforms in the fields of investment
approved by the government of autonomous and foreign trade, established cooperation with
region, and Hezhou was officially given the new ASEAN and member states, established data
positioning and new mission of building "Guangxi centers, and promoted the development of
Eastern Advance Demonstration Zone". information technology.
In 2020, Hezhou's GDP reached 7% YoY growth,
ranking the 2nd in the region, and the total
economy size exceeded RMB70 billion. In the first
half of 2021, Hezhou maintained its continuous
development with 15.6% GDP growth. From
January to July, 95 new projects have been located
in Hezhou and 54 are from the GBA. Hezhou will
focus on developing the manufacturing industry
to achieve the total output value of RMB71 billion
by 2023. Meanwhile the average annual growth of
manufacturing investment will reach 20%. Hezhou
will also continue to strengthen the infrastructure
construction and promote the integration with
the GBA market75.
74 Government of Guangxi, http://www.gxzf.gov.
cn/mlgxi/gxjj/xjjjd/t7731795.shtml
75 Government of Guangxi, http://www.gxzf.gov.
cn/zt/xwfb/xwfbh0823/index.shtml
118
