30 projects in Laibing start construction in May
The construction of 30 projects with a total investment of 7.65 billion yuan ($1.12 billion) kicked off in Laibing in May. The projects cover industry, real estate, education, and service industries, and have set off a new boom in project construction in the city.
The projects include Phase II of the annual 500,000 tons of aluminum water expansion project of Guangxi Investment Group Yinhai Aluminum, Zhongxin Used Car Trading Market, and the elemental chlorine bleaching technical transformation project of Guangxi Laibin Dongtang Paper Co Ltd.
In the first quarter of this year, Laibin achieved a regional GDP of 13.18 billion yuan, a year-on-year increase of 10.1 percent. It was the first double-digit growth in Laibing since 2013.