Guangxi FTZ uses $1.57b in foreign investment
Since its establishment in 2019, the China (Guangxi) Free Trade Zone (FTZ) has used $1.57 billion in foreign investment and achieved an import and export volume of 832.88 billion yuan ($115.95 billion). This accounts for 39.4 percent and 37.1 percent of the total foreign investment and trade in Guangxi, respectively.
The Pingxiang Comprehensive Bonded Zone in the Chongzuo area of the Guangxi FTZ. [Photo/WeChat account: gh_df8bc987e060]
From January to June, the actually utilized amount of foreign capital in the Guangxi FTZ reached $355 million, accounting for 62.6 percent of that in used in Guangxi province as a whole.
The total import and export volume of foreign trade amounted to 129.82 billion yuan, accounting for 38.3 percent of that in Guangxi.
Meanwhile, the total industrial output value of industries above a designated scale reached 52.98 billion yuan, a year-on-year increase of 28.3 percent. At the same time, the tax revenue amounted to 6.18 billion yuan, up 16.8 percent on-year.
The Qinzhou Port area of the Guangxi FTZ. [Photo/WeChat account: gh_df8bc987e060]
In addition, the Nanning area of the Guangxi FTZ completed a bulk commodity trading volume of 66.19 billion yuan. The Qinzhou Port area of the Guangxi FTZ saw a year-on-year increase of 9 percent in the number of intermodal containers, reaching 225,600 twenty-foot equivalent units (TEU).
In the first half, the Chongzuo area of the Guangxi FTZ witnessed a year-on-year increase of 201.4 percent in terms of the number of vehicles entering and exiting the Youyiguan Border Gate, climbing to 160,000.