Guangxi FTZ attracts more than $1b in investment online

The contract signing ceremony of the online investment promotion of the Guangxi FTZ event is held in Nanning on June 6. [Photo provided by Guangxi Commerce Department to gx.people.cn]

A total of 31 projects, with an investment of more than 8 million yuan ($1.13 billion), were signed at the online investment promotion of the China (Guangxi) Pilot Free Trade Zone event held in Nanning on June 6, covering the areas of production base construction, green agriculture, smart industrial parks, e-commerce, logistics, and transportation.

The online investment promotion and contract signing of the Guangxi FTZ event invited representatives of 20,000 business associations and enterprises to take part through live streaming on multiple media platforms. Companies from China, Singapore, the Netherlands, Germany, and other countries shared their experience of investing in the Guangxi FTZ, which was broadcasted live globally in both Chinese and English.

Last August, China announced the establishment of the Guangxi FTZ. The zone is composed of three large areas of Nanning, Qinzhou Port, and Chongzuo, spanning a total area of 119.99 square kilometers. It aims to build a high-standard and high-quality free trade zone that leads China-ASEAN open cooperation.

At the event, the Nanning area of the Guangxi FTZ introduced its leading industries, preferential policies, and key projects to global investors. This part of the Guangxi FTZ focuses on the development of modern services, such as modern finance, smart logistics, digital economy, and cultural media, as well as emerging manufacturing industries like high-end electronic information and biomedicine.

The event led to 31 signed projects in total, including the strategic cooperation agreement signed between the Guangxi government and China Marine Bunker Supply Company, as well as a memorandum on promoting the construction of the Beibu Gulf bonded fuel supply base signed by related parties.

Among them, nine projects have been signed to settle in the Nanning area of the Guangxi FTZ, with a total investment of 5.47 billion yuan.