South China region posts foreign investment growth despite epidemic

South China's Guangxi Zhuang autonomous region has reported robust growth in foreign investment in the first seven months of 2020 despite the COVID-19 epidemic.

The total foreign investment utilized in Guangxi reached $675 million, a year-on-year increase of 17.4 percent, according to the region's investment promotion bureau.

Guangxi's attempts to woo foreign investors were boosted by the region's ongoing building of a pilot free trade zone (FTZ).

A total of 194 foreign-funded enterprises, including 40 in the Guangxi pilot FTZ, were newly established during the January-July period. Contractual foreign investment totaled $2.68 billion, up 56.4 percent year-on-year.