The Guangxi Zhuang autonomous region, a key crossroads providing western China with full access to global markets, will help expand the Belt and Road Initiative and support China's opening-up in the 14th Five-Year Plan (2021-25) period, said Lan Tianli, chairman of the region and a deputy to the National People's Congress.
Nanning Customs in the Guangxi Zhuang autonomous region has introduced a slew of measures to support businesses in the China (Guangxi) Pilot Free Trade Zone.
With economic and trade cooperation growing between China and the Association of Southeast Asian Nations (ASEAN), border areas in China's Guangxi Zhuang autonomous region have played a significant role in connecting China with the ASEAN.
The Guangxi Zhuang autonomous region is vowing to seize opportunities brought by the newly established China (Guangxi) Pilot Free Trade Zone and expand economic and trade cooperation with neighboring countries.
South China's Guangxi Zhuang autonomous region will build three demonstration zones of innovation and entrepreneurship for small and medium-sized enterprises (SMEs) in the cities of Nanning, Liuzhou and Guilin.
The Nanning area of the China (Guangxi) Pilot Free Trade Zone announced a total of five key investment projects in 2020, with a total investment of over 10 billion yuan ($1.41 billion), covering the information technology, smart logistics, e-commerce, and information services industries.