Guangxi's maritime economy up 7.8% in H1

The regional GDP of Guangxi's maritime economy increased by 7.8 percent to 84.75 billion yuan ($12.55 billion) in the first half of the year, local officials announced on July 28.

The growth rate was reported to be higher than Guangxi's overall GDP during the same time period due to the rapid formulation of a maritime industrial system.

Efforts have been made in promoting the development of fishing port economic zones and marine ranches. Fangchenggang has now devoted 1.5 billion yuan to the local fishing port economic zone. 

A total of 4,132 sea-rail intermodal trains were operated on the New International Land-Sea Trade Corridor in the first half of 2022, an increase of 42 percent year-on-year.

Major cultural tourism projects, such as the Nanning Wanyou International Tourism Resort and the Yinji International Coastal Tourism Resort, are now moving forward construction. 

The scale of three 300-billion-yuan level industrial clusters has been further expanding, representing high-end metal new materials, green chemical new materials, and electronic information respectively. 

Officials noted that the region will focus on the integrated development of land and maritime industries to create seven 100-billion-yuan level industrial clusters and establish a batch of demonstrative industrial parks related to the maritime economy.