More than 16,000 new enterprises were established in the Nanning area of the China (Guangxi) Pilot Free Trade Zone (FTZ) in 2022, of which more than 120 were established with foreign capital. There were also 126 newly established financial enterprises in the China-ASEAN Financial City, bringing the total number to 411.

In 2022, the amount of foreign capital actually utilized in the Nanning area of the Guangxi FTZ increased by 180 percent year on year, accounting for over 70 percent of the utilized foreign capital and 40 percent of the import and export of foreign trade in the city. Nanning's annual investment in key projects in 2022 reached 39.56 billion yuan ($5.84 billion).

In 2022, the Nanning area promoted economical and intensive land utilization, and made a breakthrough in providing more than 9,000 mu (600 hectares) of land for public welfare projects. It has achieved a total output value of more than 80 billion yuan in the construction industry, and completed a real estate sales area of 4.7 million square meters, accounting for nearly one-third of the city.

The Nanning area of the Guangxi FTZ. [Photo/Nanning Evening News]

At present, more than 4,500 digital economy enterprises have settled in the Nanning area of the Guangxi FTZ, and the revenue of the software and information technology service industry has exceeded 7 billion yuan. Its featured platform economy revenue has exceeded 50 billion yuan, and the total volume of commodity transactions was 100.4 billion yuan. In 2022, Nanning's industrial investment reached 3.86 billion yuan, up 78.2 percent from the previous year.