S. China's Nanning to step up efforts on building ASEAN-oriented industrial gathering highlands

Updated: March 12, 2022 Source: Belt and Road Portal
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Photo shows the night view of Zhuxi overpass in Nanning, south China. (Xinhua/Li Xin)

Nanning, capital of South China's Guangxi Zhuang Autonomous Region, realized the paid-in investment capital of 88.108 billion yuan in 2021 with the actual use of foreign investment increasing by 31.3 percent year on year, said Kuang Di, Director of Nanning Investment Promotion Bureau, at a press conference held on Thursday.

According to Kuang, as a hub city closely related to ASEAN countries, Nanning continues to speed up the introduction of leading industrial enterprises from at home and abroad. In 2021, 54 projects, each with value exceeding 500 million yuan, were signed between Nanning and major players of relevant industries, involving total investment of 151.102 billion yuan.

In recent years, Nanning has stepped up its efforts on building ASEAN-oriented industrial gathering highlands. It introduced a number of foreign investment projects such as AAC Technologies, Bank of China Hong Kong, China-Singapore Nanning International Logistics Park. And some large-scale projects were launched in Nanning including ASEAN headquarters of Inspur Group, an NEV general assembly factory of Geely Automobile, the Power Leader Computer and Hozon New Energy Vehicle, etc.

Focusing on strengthening its industrial development, Nanning will continue to build high-quality opening-up cooperation platforms such as the Regional Comprehensive Economic Partnership Agreement (RCEP) demonstration area, China (Guangxi) Pilot Free Trade Zone Nanning Area, China-ASEAN Information Port core base, to promote the "bring-in" and "going out" two-way investments and create a cross-border industrial supply chain for ASEAN countries, according to Nanning's official blueprint. 

Editor: Tian Shenyoujia