Foreign investment in actual use in the China (Guangxi) Pilot Free Trade Zone (FTZ) hit $330 million from January to May, accounting for 62.6 percent of Guangxi Zhuang autonomous region's total, up 423.1 percent year on year.

During the same period, foreign trade imports and exports of the Guangxi FTZ reached 107.35 billion yuan ($1.48 billion), accounting for 37.3 percent of the region, an increase of 78.9 percent.

From January to May, the foreign investment in actual use of the Nanning area of the Guangxi FTZ was $130 million, an increase of 123.7 percent year-on-year.

The turnover of commodities in the Nanning area of the Guangxi FTZ reached 56.13 billion yuan, up 16.5 percent year on year.

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

The Nanning area of the Guangxi FTZ also attracted 6,458 new enterprises during the period. From January to May, the China-ASEAN Financial City added 39 financial institutions, with a total of 450 settled there to date.

From January to May, foreign investment in actual use in the Qinzhou Port area of the Guangxi FTZ was $203 million, an increase of 921 times year-on-year. The volume of combined sea-rail containers reached 191,000 twenty-foot equivalent units (TEUs), an increase of 13 percent.

During the period, seven industrial projects worth 10 billion yuan were newly started or got under construction in the Qinzhou Port area of the Guangxi FTZ, with a total investment of 164.8 billion yuan. From January to May, Qinzhou introduced 12 projects with 7.95 billion yuan in investment funds.

From January to May, the overall customs clearance time for imports at Qinzhou Port was 32.9 hours, which was 87.7 percent lower than in 2017. What's more, the overall customs clearance time for exports amounted to 1.37 hours, 96.9 percent lower than in 2017.

Things get busy at the Youyiguan Border Gate. [Photo/WeChat account: gh_df8bc987e060]

From January to May, the foreign trade import and export volume of the Chongzuo area of the Guanxi FTZ was 50.53 billion yuan, an increase of 136.7 percent year-on-year. There were 160,000 inbound and outbound vehicles at the Youyiguan Border Gate, an increase of 201.4 percent year-on-year. The average daily number of inbound and outbound vehicles at the Youyiguan Border Gate topped 1,200, an increase of 32 percent over the same period last year.