Page 148 - 2024 Special Report on the State of Business in South China
P. 148
Fig 9 Guangxi showed resilient economic growth in 2022
Source: Statistics Bureau of Guangxi
Through the Year 2035 was released. It analyzes As the year marks the launch of the 14th Five-
the potential cooperation with the ASEAN and Year Plan, Guangxi also claims that it will boost the
the GBA, as well as sets main targets and specific development of new economic drivers, optimize
plans for the economic and social development of industrial structures, and increase the proportion
the region. Specifically: of the manufacturing. With unique geographical
advantages, it will also seek areas of convergence
Main targets: in the new dual circulation development paradigm,
which has domestic circulation as the main driver,
- An average annual growth of GDP over 6.5% with domestic and international circulations
reinforcing each other.
- An average annual growth of investment in
R&D 22% The Outline of the 14th Five-Year
Plan (2021-2025) for Guangxi Zhuang
- The proportion of digital economy accounts Autonomous Region Strategic Emerging
for 6% of GDP by 2025 Industry Development62
Major tasks: On 18 September 2021, Guangxi Zhuang
Autonomous Region announced its Five-Year
- To further enhance the cooperation with Plan for promoting the development of strategic
ASEAN, RCEP (Regional Comprehensive Economic emerging industry. Specifically:
Partnership Agreement) and Belt and Road countries
Key opportunities63:
- To further emphasize the key role of
innovation in the development Driven by the development of new economy
globally, and the in-depth implementation of
- To further promote the green economy innovation, digitalization and decarbonization in
and build environmentally friendly region China, Guangxi is facing higher requirements of
industrial transition and at the same time, greater
- To speed up the transition of real economy opportunities to promote the development of new
and promote high-end, smart and modern industries
62 Government site of Guangxi, http://www.gxzf.
- To balance the development of rural and gov.cn/zfwj/zzqrmzfwj_34845/t10267020.shtml
urban areas 63 Government site of Guangxi, http://www.gxzf.
gov.cn/zfwj/zzqrmzfwj_34845/t10267020.shtml
148
Source: Statistics Bureau of Guangxi
Through the Year 2035 was released. It analyzes As the year marks the launch of the 14th Five-
the potential cooperation with the ASEAN and Year Plan, Guangxi also claims that it will boost the
the GBA, as well as sets main targets and specific development of new economic drivers, optimize
plans for the economic and social development of industrial structures, and increase the proportion
the region. Specifically: of the manufacturing. With unique geographical
advantages, it will also seek areas of convergence
Main targets: in the new dual circulation development paradigm,
which has domestic circulation as the main driver,
- An average annual growth of GDP over 6.5% with domestic and international circulations
reinforcing each other.
- An average annual growth of investment in
R&D 22% The Outline of the 14th Five-Year
Plan (2021-2025) for Guangxi Zhuang
- The proportion of digital economy accounts Autonomous Region Strategic Emerging
for 6% of GDP by 2025 Industry Development62
Major tasks: On 18 September 2021, Guangxi Zhuang
Autonomous Region announced its Five-Year
- To further enhance the cooperation with Plan for promoting the development of strategic
ASEAN, RCEP (Regional Comprehensive Economic emerging industry. Specifically:
Partnership Agreement) and Belt and Road countries
Key opportunities63:
- To further emphasize the key role of
innovation in the development Driven by the development of new economy
globally, and the in-depth implementation of
- To further promote the green economy innovation, digitalization and decarbonization in
and build environmentally friendly region China, Guangxi is facing higher requirements of
industrial transition and at the same time, greater
- To speed up the transition of real economy opportunities to promote the development of new
and promote high-end, smart and modern industries
62 Government site of Guangxi, http://www.gxzf.
- To balance the development of rural and gov.cn/zfwj/zzqrmzfwj_34845/t10267020.shtml
urban areas 63 Government site of Guangxi, http://www.gxzf.
gov.cn/zfwj/zzqrmzfwj_34845/t10267020.shtml
148
