S.China Guangxi FTZ further presses ahead global investment attraction

Aerial photo taken on Oct. 6, 2020 shows a view of the Qinzhou port section of China (Guangxi) Pilot Free Trade Zone in Qinzhou, south China's Guangxi Zhuang Autonomous Region. (Xinhua/Zhou Hua)

The China (Guangxi) Pilot Free Trade Zone (FTZ) in south China's Guangxi Zhuang Autonomous Region reached investment attraction deals on May 27 with 11 overseas investment institutions from Singapore, Malaysia, Japan, the Republic of Korea (ROK), Germany, the United States and other countries and regions.

The cooperation was facilitated by the China Guangxi Pilot Free Trade Zone Overseas Investment Attraction and Cooperation Conference held on the May 27, which expanded opportunities and platform for the FTZ to attract foreign investment.

Cai Lixin, vice-chairman of Guangxi Zhuang Autonomous Region, said at the conference that, the Guangxi FTZ has been giving full play to its institutional advantages since its establishment in 2019, and has accumulated more than 60,000 companies settled in the Free Trade Zone, further inject impetus into regional economic development.

Cai added that Guangxi is vigorously promoting the high-quality development of the FTZ through the development opportunities brought by the Regional Comprehensive Economic Partnership (RCEP) and is expected to expand the international market and stable the cross-border industrial chain and supply chain in the future.

The cooperation marks a new achievement of Guangxi FTZ in expanding global investment promotion, said Yang Chunting, director of the Department of Commerce of Guangxi Zhuang Autonomous Region.