From January to October this year, Nanning industrial investment grew 74.1 percent year-on-year, a record high growth rate for nearly 21 years, ranking first in the region in terms of growth rate and total volume.

From January to November, Nanning signed 182 new industrial projects with an initial investment of more than 50 million yuan ($7.17 million) and a total investment of 131.46 billion yuan, introducing a number of major projects such as BYD.

From January to October, Nanning started 312 industrial projects, placed 398 projects in inventory, and started more projects valued at 10 billion yuan or more than it had in the previous three years. The BYD battery Yongning project was signed in April and put into operation at the end of September this year, seven months earlier than originally planned, and an ASEAN project was put into operation in mid-November to be put into operation in March next year.

Nanning combined the construction of cross-border industrial chains and the Pinglu canal economic belt with strengthened industrial planning, new energy, electronic information, metal, chemical new materials and other industries as the focus of development, to further clarify its thinking and anchor its main direction. In particular, with the new energy industry at the core and other industries providing traction, Nanning is planning a number of industrial chains and targeting head enterprises to carry out precision investment.

The Naning area of the China (Guangxi) Pilot Free Trade Zone. [Photo/WeChat account: gh_df8bc987e060]