Guangxi's GDP reached 2.04 trillion yuan ($300.6 billion) in 2018, up 6.8 percent year-on-year, according to preliminary calculations by the Guangxi Zhuang Autonomous Region Bureau of Statistics.

Local economic structure saw continued optimization, with the added value of primary, secondary and tertiary industries accounting for 14.8 percent, 39.7 percent and 45.5 percent of GDP, respectively.

Fixed-asset investment recorded a whopping 10.8 percent increase over last year, driven primarily by the rapid growth of hi-tech and equipment manufacturing industries in the region.

The added value of hi-tech industries, new energy vehicles, electronic components, lithium-ion batteries, and optoelectronic devices witnessed increases of 11.6 percent, 108 percent, 47.9 percent, 16.9 percent and 53.5 percent, respectively.

Local fiscal revenue also increased by 7.1 percent to 279 billion yuan. More than 80 percent of general public budget expenditures, amounting to 427.43 billion yuan, was used to improve local living standards.

The great economic situation helped increase job prospects and improve quality of life. A total of 421,000 jobs were created over the past year and the registered urban unemployment rate remained at around 2.34 percent. Per capita disposable income grew by 7.9 percent to 21,485 yuan.