Page 150 - 2024 Special Report on the State of Business in South China
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energy, electric vehicle, new material, and green of the Nanning Comprehensive Bonded Zone;
economy. The construction of several regional 58.2km2 in Qinzhou Port area, including 8.8km2
platforms, such as the GBA, Western Land and Sea of the Qinzhou Free Trade Port Area; and 15km2
New Corridor, China (Guangxi) Pilot Free Trade in Chongzuo, including 1.0km2 of the Pingxiang
Zone, China-ASEAN Information Port, and the Integrated Free Trade Zone65.
signing of RCEP will provide strong support for
Guangxi to make full use of both domestic and The GXFTZ aims to make full use of the
international two markets and two resources and geographic advantages of Guangxi and ASEAN
promote strategic emerging industries to integrate countries, contributes to the construction of the
into the national and ASEAN industrial chains. New International Land-Sea Trade Corridor in West
China, as well as forms an important gateway for
Main tasks64: the connection between the Maritime Silk Road and
the Silk Road Economic Belt. The GXFTZ also strives
- Guangxi aims to improve the contribution to build a high-standard and high-quality free
of value-added of strategic emerging industry to trade zone with convenient trade and investment,
GDP to 10% by the year of 2025. exemplary financial services, as well as safe and
efficient supervision after three to five years of
- Enhance the cooperation with ASEAN on reform and exploration66.
innovation, Guangxi will make full use of regional
innovative resources, to attract innovative talent and In February 2023, the government issued the
effectuate breakthroughs in the core technologies. “Plan for Further Deepening the Reform and
Opening-up of the China (Guangxi) Pilot Free
- Support traditional industries, such as Trade Zone”67, proposing to build the GXFTZ
metallurgy, automotive, machinery manufacturing into a high-level institutional opening pilot zone
on transition and upgrading, accelerate the and experimental field, and create a core area
development of modern agriculture, forming that serves the domestic and international dual
a series of innovative brands, products, and circulation market operation convenience. In
standards to reach the international high-level. additional, the Plan will also promote a higher
level of openness in trade and investment,
- The initial scope of industrial cluster will financial openness, international logistics,
be basically constructed, showing a pattern of data and other free and convenient areas, and
complementary and differentiated advantages. promote independent reform based on regional
Important areas along the coast, the border and the characteristics and industrial development needs.
rivers will be fully integrated into the development
of dual circulation strategy. Division of functions68:
- Guangxi will take irreplaceable Nanning area:
responsibility in the construction of supply chain
and innovation chain between China and ASEAN. - Modern finance: focusing on the
development of modern finance, scientific
Special economic zones innovation, information services and headquarter
economies, the area will build itself into a core
China (Guangxi) Pilot Free Trade Zone region opening-up to ASEAN countries
The China (Guangxi) Pilot Free Trade Zone 65 Government site of Guangxi, http://en.gxzf.
(GXFTZ) was one of six pilot zones designated by the gov.cn/2019-11/12/c_423857.htm
State Council in August 2019. The GXFTZ consists of 66 Government site of Guangxi, http://en.gxzf.
three areas: 46.8km2 in Nanning, including 2.4km2 gov.cn/2019-11/12/c_423857.htm
64 Government site of Guangxi, http://www.gxzf. 67 People.cn, http://gx.people.com.cn/
gov.cn/zfwj/zzqrmzfwj_34845/t10267020.shtml n2/2023/0510/c179430-40409590.html
68 China (Guangxi) Pilot Free Trade Zone,
http://subsites.chinadaily.com.cn/guangxi/ftz/2021-
07/28/c_646541.htm
150
economy. The construction of several regional 58.2km2 in Qinzhou Port area, including 8.8km2
platforms, such as the GBA, Western Land and Sea of the Qinzhou Free Trade Port Area; and 15km2
New Corridor, China (Guangxi) Pilot Free Trade in Chongzuo, including 1.0km2 of the Pingxiang
Zone, China-ASEAN Information Port, and the Integrated Free Trade Zone65.
signing of RCEP will provide strong support for
Guangxi to make full use of both domestic and The GXFTZ aims to make full use of the
international two markets and two resources and geographic advantages of Guangxi and ASEAN
promote strategic emerging industries to integrate countries, contributes to the construction of the
into the national and ASEAN industrial chains. New International Land-Sea Trade Corridor in West
China, as well as forms an important gateway for
Main tasks64: the connection between the Maritime Silk Road and
the Silk Road Economic Belt. The GXFTZ also strives
- Guangxi aims to improve the contribution to build a high-standard and high-quality free
of value-added of strategic emerging industry to trade zone with convenient trade and investment,
GDP to 10% by the year of 2025. exemplary financial services, as well as safe and
efficient supervision after three to five years of
- Enhance the cooperation with ASEAN on reform and exploration66.
innovation, Guangxi will make full use of regional
innovative resources, to attract innovative talent and In February 2023, the government issued the
effectuate breakthroughs in the core technologies. “Plan for Further Deepening the Reform and
Opening-up of the China (Guangxi) Pilot Free
- Support traditional industries, such as Trade Zone”67, proposing to build the GXFTZ
metallurgy, automotive, machinery manufacturing into a high-level institutional opening pilot zone
on transition and upgrading, accelerate the and experimental field, and create a core area
development of modern agriculture, forming that serves the domestic and international dual
a series of innovative brands, products, and circulation market operation convenience. In
standards to reach the international high-level. additional, the Plan will also promote a higher
level of openness in trade and investment,
- The initial scope of industrial cluster will financial openness, international logistics,
be basically constructed, showing a pattern of data and other free and convenient areas, and
complementary and differentiated advantages. promote independent reform based on regional
Important areas along the coast, the border and the characteristics and industrial development needs.
rivers will be fully integrated into the development
of dual circulation strategy. Division of functions68:
- Guangxi will take irreplaceable Nanning area:
responsibility in the construction of supply chain
and innovation chain between China and ASEAN. - Modern finance: focusing on the
development of modern finance, scientific
Special economic zones innovation, information services and headquarter
economies, the area will build itself into a core
China (Guangxi) Pilot Free Trade Zone region opening-up to ASEAN countries
The China (Guangxi) Pilot Free Trade Zone 65 Government site of Guangxi, http://en.gxzf.
(GXFTZ) was one of six pilot zones designated by the gov.cn/2019-11/12/c_423857.htm
State Council in August 2019. The GXFTZ consists of 66 Government site of Guangxi, http://en.gxzf.
three areas: 46.8km2 in Nanning, including 2.4km2 gov.cn/2019-11/12/c_423857.htm
64 Government site of Guangxi, http://www.gxzf. 67 People.cn, http://gx.people.com.cn/
gov.cn/zfwj/zzqrmzfwj_34845/t10267020.shtml n2/2023/0510/c179430-40409590.html
68 China (Guangxi) Pilot Free Trade Zone,
http://subsites.chinadaily.com.cn/guangxi/ftz/2021-
07/28/c_646541.htm
150
