GDP of Qinzhou Port area of Guangxi FTZ reaches 21.5b yuan
In the first half of the year, the GDP of the Qinzhou Port area of the China (Guangxi) Pilot Free Trade Zone (FTZ) reached 21.5 billion yuan ($3.2 billion), an increase of 14.5 percent.
In that period, the total output value of industries in the Qinzhou Port area of the Guangxi FTZ was 57.7 billion yuan, a year-on-year increase of 41.7 percent. The fixed asset investment was 12.8 billion yuan, a year-on-year increase of 21.1 percent, while foreign trade imports and exports totaled 25.8 billion yuan, an increase of 180 percent.
In the first half of the year, the Qinzhou Port area of the Guangxi FTZ promoted 13 major industrial projects with a value of 10 billion yuan, of which five were newly started, four were put into production, and four were under construction. The total investment reached 240 billion yuan, and the output value will exceed 300 billion yuan.
During the same period, there were 7,420 newly-established enterprises in the Qinzhou Port area of the Guangxi FTZ, including 17 newly-established foreign-funded enterprises, as well as 25 newly-signed projects with a total investment of 23.41 billion yuan, of which 11.5 billion yuan has been invested.
It is estimated that in the first half of 2022, the throughput of Qinzhou Port will complete 83 million metric tons, an increase of 3.6 percent, while its container throughput was 2.45 million twenty-foot equivalent units (TEUs), an increase of 22.5 percent.
The service scope of the New International Land-Sea Trade Corridor has been expanded to the central region for the first time, covering 105 stations in 54 cities in 14 provinces. From January to June, there were 4,132 sea-rail combined transport trains in the New International Land-Sea Trade Corridor, a year-on-year increase of 42 percent.
From January to June, the Qinzhou Port area of the Guangxi FTZ obtained 13 special bond projects from local governments, with a quota of 1.43 billion yuan. It obtained 60 million yuan in industrial investment in the Beibu Gulf. It also issued 2.75 billion yuan in loans, benefiting 173 enterprises and reducing costs by 48.15 million yuan.
The Qinzhou Port area of the Guangxi FTZ. [Photo/WeChat account: gh_df8bc987e060]