Guangxi FTZ houses 39,000 companies after two-year growth

The China (Guangxi) Pilot Free Trade Zone has been devoting great efforts in becoming a FTZ leading China and ASEAN countries' opening-up and cooperation, and is an important node on the New International Land-Sea Trade Corridor since its establishment in 2019.

Yang noted that the Guangxi FTZ has recorded 39,000 companies at the end of July, which is 10 times greater than the figure recorded two years ago. It has formed 44 institutional innovation outcomes in the past two years and 13 of them were the first of their kind in China.

The Guangxi FTZ has made full use of the sea-rail intermodal transportation on the land-sea trade corridor to initially launch the mutual recognition mechanism between containers used for railway and shipping, forming a whole-process international multimodal transport mode.

The container throughput of Beibu Gulf Port in the first half of 2021 has ranked among the top 50 in the world. 

Yang added that the Guangxi FTZ will cast eyes on the establishment of cross-border industrial chains featuring chemical new materials, traditional Chinese medicinal materials and the processing of ASEAN distinctive products.