Wuxiang New District has completed a cumulative investment of over 400 billion yuan ($59.68 billion) as of May, of which social investment exceeded 300 billion yuan.

Since its unveiling in August 2019, the Nanning area of the China (Guangxi) Pilot Free Trade Zone (FTZ), which is located in the core area of Wuxiang New District, has added more than 30,000 new enterprises, including 316 foreign-funded enterprises. It has attracted 43 of the world's top 500 companies, 33 of China's top 500 companies, and 12 of the world's top 100 most valuable brands.

Spanning a total area of 175 square kilometers, Wuxiang New District is a comprehensive area with residential projects, logistics centers, as well as amusement and recreation areas. 

The Nanning area of the Guangxi FTZ. [Photo/WeChat account: gh_df8bc987e060]

Wuxiang New District has built China-ASEAN Financial City, which serves as a core area of financial opening up to ASEAN. It has attracted 336 financial institutions, including China Taiping Life Insurance and the Hong Kong branch of the Bank of China.

China-ASEAN Financial City. [Photo/WeChat account: gh_df8bc987e060]

Wuxiang New District is developing the core base of the China-ASEAN Information Port. At present, five of the top 10 digital economy industrial parks in Guangxi are located in Wuxiang New District, while leading enterprises in the industry, such as Huawei, Alibaba, and iFLYTEK, have settled in it.