Nanning to optimize global business environment

Representatives from five foreign-related governmental departments release Nanning's new working mechanism at a press conference held on July 8. [Photo/chinadaily.com.cn]

The plaque unveiling ceremony for the Nanning Service Center for International Cooperation was held at the China-ASEAN Business Center in Nanning, the capital of Guangxi Zhuang autonomous region, on July 8.

The ceremony also marked the official launch of the city's new working mechanism, which is jointly built by five foreign-related governmental departments, including those managing foreign trade and foreign investment.

The working mechanism was set up to optimize the local business environment and to turn Nanning into an ideal place for industrial investment, trade settlement, technological innovation and living for both domestic and ASEAN companies in expanding markets. 

The plaque unveiling ceremony of the Nanning Service Center for International Cooperation. [Photo/chinadaily.com.cn]

The service center will be able to offer various services for companies in areas spanning incubation, investment guidance, overseas policies interpretation, global resources matchmaking and foreign-related talents cultivation. 

Officials introduced that the first event to be held after the release of the working mechanism will be a promotion fair for trade cooperation among consulates general of ASEAN countries in Nanning. Currently, officials from consulates general from six ASEAN countries such as Vietnam, Cambodia, Thailand and Laos have been invited to promote their countries in terms of their overall investment environment, preferential policies, industrial planning and key projects.  

Nanning has achieved remarkable outcomes in attracting foreign investment despite the impacts caused by the COVID-19 pandemic. A total of 122 foreign-investment companies have been set up in the city in the first half of 2021, increasing by 93.65 percent year-on-year.