Guangxi plans 1,000+ projects for investment cooperation in key industries

Guangxi Zhuang autonomous region recently planned 1,033 key investment attraction projects in 15 industries in 118 industrial parks, Guangxi Daily reported on June 13.

The region will seek to attract advanced enterprises and powerful projects as well as promote the aggregation of distinctive industries, establishing a batch of strong industrial chains that can lead the region's development.

Among the projects, which have a total investment of 2.44 trillion yuan ($362.65 billion), 78 focus on machinery and equipment manufacturing, 70 on high-end metal new materials, 30 on digital economy, 74 on electronic information, 26 on automobiles, and 44 on light industry.

Guangxi has achieved great progress in agglomerating major industries. Industrial investment signed during the first five months of 2022 in industries including environmental protection, high-end new metal materials, light industry, electronic information industry, machinery and equipment manufacturing, and modern agriculture went up over 45 percent year-on-year, accounting for 61.7 percent of the region's total.