Page 146 - 2024 Special Report on the State of Business in South China
P. 146
Guangxi
The economy industrial clusters were constructed, including
automotive, machinery, high-end new materials,
Guangxi Zhuang Autonomous green chemicals and information technology, etc.
Region – abbreviated The transformation and upgrading also speeded up,
as Gui – is situated in southwest China, facing with the production of passenger cars, machinery,
Vietnam across the Beibu Gulf. The province internal combustion engines, electrolytic copper,
is not only involved in economic development alumina moved upward to the forefront of the
opportunities in Southern China but is also country. Moreover, the strategic emerging
connected to ASEAN (the Association of Southeast industries contributed over 30% of all industries,
Asian Nation) countries as well as being part driven by the development of electric vehicle, smart
of the Western Region Development Program. TV, Smartphone, and optoelectronic devices59.
The province has a total area of 238,600km2,
and population of 50.5 million in 202256. The As Guangxi enhanced its infrastructure
Zhuang people, the largest minority group in construction over the past decade, the region’s
China, accounts for around 31.4% of the total foreign trade volume with ASEAN countries
population57. In 2022, Guangxi’s GDP rose by rose from RMB74.75 billion in 2012 to RMB281.1
2.9% YoY to top RMB2.6 trillion (US$391 billion). billion60 in 2022. Meanwhile, Guangxi has
The region’s new industrial products such as released a batch of documents in recent years
new energy vehicles, solar cells and optical – such as the development plan for Guangxi’s
instruments saw rapid growth in output, up digital economy and the action plan for speeding
39.2% YoY and 72.2% YoY, respectively. The key up 5G industrial development in Guangxi – to
economic hub, Beibu Gulf (contains Nanning, boost ASEAN-related information infrastructure
Beihai, Fangchenggang and Qinzhou), reached construction and build the region into a global
3.3% YoY economic growth, and Xijiang Economic 5G information hub.
Belt (contains Liuzhou, Guilin, Wuzhou, Guigang,
Yulin, Hezhou and Laibin) saw a growth of 2.0% Recent Policies and Reforms
YoY during the same period58.
The Outline of the 14th Five-Year Plan
Market highlights (2021-2025) for Guangxi Zhuang Autonomous
Region Economic and Social Development
During the 13th Five-Year period, Guangxi and the Long-Range Objectives Through the
focused on the transition of manufacturing and Year 203561
service industry and kept consolidating its special
role in the Belt and Road Initiative and improving On 19 April 2021, the Outline of the 14th
the cooperation with ASEAN. The value-added of Five-Year Plan (2021-2025) for Guangxi Zhuang
manufacturing industry reached an average Autonomous Region Economic and Social
annual growth rate of 5.0%. Ten 100 billion scale Development and the Long-Range Objectives
56 Statistics Bureau of Guangxi, http://tjj.gxzf.gov. 59 Statistics Bureau of Guangxi, http://tjj.gxzf.gov.
cn/tjsj/ cn/tjsj/yjbg/qq_267/t9840586.shtml
57 Statistics Bureau of Guangxi, http://tjj.gxzf.gov. 60 Statistics Bureau of Guangxi, http://tjj.gxzf.gov.
cn/tjsj/tjgb/rkpc/t8851502.shtml cn/tjsj/tjgb/ndgmjjhshfz/t16223280.shtml
58 Statistics Bureau of Guangxi, http://tjj.gxzf.gov. 61 Government site of Guangxi, http://www.gxzf.
cn/tjsj/tjgb/ndgmjjhshfz/t16223280.shtml gov.cn/zfwj/zxwj/t8687263.shtml
146
The economy industrial clusters were constructed, including
automotive, machinery, high-end new materials,
Guangxi Zhuang Autonomous green chemicals and information technology, etc.
Region – abbreviated The transformation and upgrading also speeded up,
as Gui – is situated in southwest China, facing with the production of passenger cars, machinery,
Vietnam across the Beibu Gulf. The province internal combustion engines, electrolytic copper,
is not only involved in economic development alumina moved upward to the forefront of the
opportunities in Southern China but is also country. Moreover, the strategic emerging
connected to ASEAN (the Association of Southeast industries contributed over 30% of all industries,
Asian Nation) countries as well as being part driven by the development of electric vehicle, smart
of the Western Region Development Program. TV, Smartphone, and optoelectronic devices59.
The province has a total area of 238,600km2,
and population of 50.5 million in 202256. The As Guangxi enhanced its infrastructure
Zhuang people, the largest minority group in construction over the past decade, the region’s
China, accounts for around 31.4% of the total foreign trade volume with ASEAN countries
population57. In 2022, Guangxi’s GDP rose by rose from RMB74.75 billion in 2012 to RMB281.1
2.9% YoY to top RMB2.6 trillion (US$391 billion). billion60 in 2022. Meanwhile, Guangxi has
The region’s new industrial products such as released a batch of documents in recent years
new energy vehicles, solar cells and optical – such as the development plan for Guangxi’s
instruments saw rapid growth in output, up digital economy and the action plan for speeding
39.2% YoY and 72.2% YoY, respectively. The key up 5G industrial development in Guangxi – to
economic hub, Beibu Gulf (contains Nanning, boost ASEAN-related information infrastructure
Beihai, Fangchenggang and Qinzhou), reached construction and build the region into a global
3.3% YoY economic growth, and Xijiang Economic 5G information hub.
Belt (contains Liuzhou, Guilin, Wuzhou, Guigang,
Yulin, Hezhou and Laibin) saw a growth of 2.0% Recent Policies and Reforms
YoY during the same period58.
The Outline of the 14th Five-Year Plan
Market highlights (2021-2025) for Guangxi Zhuang Autonomous
Region Economic and Social Development
During the 13th Five-Year period, Guangxi and the Long-Range Objectives Through the
focused on the transition of manufacturing and Year 203561
service industry and kept consolidating its special
role in the Belt and Road Initiative and improving On 19 April 2021, the Outline of the 14th
the cooperation with ASEAN. The value-added of Five-Year Plan (2021-2025) for Guangxi Zhuang
manufacturing industry reached an average Autonomous Region Economic and Social
annual growth rate of 5.0%. Ten 100 billion scale Development and the Long-Range Objectives
56 Statistics Bureau of Guangxi, http://tjj.gxzf.gov. 59 Statistics Bureau of Guangxi, http://tjj.gxzf.gov.
cn/tjsj/ cn/tjsj/yjbg/qq_267/t9840586.shtml
57 Statistics Bureau of Guangxi, http://tjj.gxzf.gov. 60 Statistics Bureau of Guangxi, http://tjj.gxzf.gov.
cn/tjsj/tjgb/rkpc/t8851502.shtml cn/tjsj/tjgb/ndgmjjhshfz/t16223280.shtml
58 Statistics Bureau of Guangxi, http://tjj.gxzf.gov. 61 Government site of Guangxi, http://www.gxzf.
cn/tjsj/tjgb/ndgmjjhshfz/t16223280.shtml gov.cn/zfwj/zxwj/t8687263.shtml
146
