Since was established, the China (Guangxi) Pilot Free Trade Zone (FTZ) has adhered to institutional innovation as its core principle, as it continuously explores ways to reform and improve the way it operates, thereby promoting its further development.

The Guangxi FTZ has attracted over 90,000 companies, about 25 times more than its establishment. From January to May, the total industrial output value of large-scale industries exceeded 42 billion yuan ($6 billion), up 31.5 percent year-on- year.

Meanwhile, from January to June, the actual use of foreign capital in the Guangxi FTZ accounted for 62.6 percent of that planned for the year, while the import and export volume of foreign trade accounted for 38.3 percent of the annual total.

Thanks to the Regional Comprehensive Economic Partnership (RCEP), the Nanning area of the Guangxi FTZ has experienced rapid development. Nanning has seen the launch of its first international freight train, its first RCEP Certificate of Origin, and the first-approved RCEP exporter in China.

The first international freight train to depart from Nanning, Guangxi. [Photo/WeChat account: gh_df8bc987e060]

The Nanning area of the Guangxi FTZ is striving to build a high-standard China-ASEAN Financial City, with over 400 financial institutions and enterprises settled there.

At the same time, the Qinzhou Port area of the Guangxi FTZ is establishing a new model for developing a concentrated processing base for imported non-ferrous metal raw materials.

The sales revenue of related businesses in the recycling non-ferrous metal industry has already exceeded 10 billion yuan since the Guangxi FTZ opened.

The first batch of Vietnamese durians in China arrives at the Youyiguan Border Gate. [Photo/WeChat account: gh_df8bc987e060]

The Chongzuo area of the Guangxi FTZ promotes a "border trade + local construction" model, with an annual total processing capacity of over 5 billion yuan.