Nanning area of Guangxi FTZ continues innovations in 2022

In 2022, the Nanning area of the China (Guangxi) Pilot Free Trade Zone (FTZ) has furthered its institutional innovations, which have borne fruit in the first quarter of this year.

The Nanning area of the Guangxi FTZ has established a credit scoring index system and an evaluation model for obtaining credit awards. It has established credit records for the city's residents and enterprises, with a coverage rate of 100 percent. It also established the country's first joint labor dispute resolution agency, with flexible employment as its service goal, to quickly resolve labor disputes.

The one-stop system for benefiting enterprises and people in Nanning has been put into use, realizing an efficient and convenient service model that is available 24 hours a day and 365 days a year.

It launched the RCEP certificate of origin cross-border financing business innovation, providing important convenience for capital exchanges, investment, and financing development between China and ASEAN countries.

It has also explored the digital and smart development of its sugar industry, bolstering the development of the entire sugar industry chain through industrial digitalization. It benchmarks against new international economic and trade rules, such as the RCEP, as well as focuses on establishing pilots in areas like trade facilitation, investment facilitation, and industrial development.

The Nanning area of the Guangxi FTZ. [Photo/WeChat account: gh_df8bc987e060]