Qinzhou tops Guangxi in six major economic indexes in H1

Qinzhou ranked first in Guangxi Zhuang autonomous region in six major economic indexes in the first half of 2022, Guangxi Daily reported on Aug 24.

The city's GDP in the first half of the year increased by 9.3 percent to 89.43 billion yuan ($13.06 billion), achieving the highest growth rate in Guangxi. Its total output value of industries above designated size went up by 37.1 percent, while the added value of its industries above designated size climbed by 15.4 percent.

Its fixed-asset investment, construction and installation investment, as well as fiscal revenue each increased by 25.4 percent, 33.8 percent, and 27.3 percent respectively in the six-month period. 

This year, Qinzhou plans to move forward construction on 13 10-billion-yuan-level major industrial projects, with a total investment of 248 billion yuan, with these projects projected to generate over 350 billion yuan in output value by 2025.

Eight of these projects that have started construction in the first seven months of 2022 have finished a total investment of nearly 9 billion yuan. 

Great efforts have also been made in attracting investment. Yang Jingsong, director of the Qinzhou investment promotion bureau, said that nine working teams have been dispatched to the Beijing-Tianjin-Hebei region, the Yangtze River Economic Belt, and the Guangdong-Hong Kong-Macao Greater Bay Area. 

The city signed agreements on new projects, worth 85.1 billion yuan, in the first seven months of 2022, of which 67 percent of them are related to the manufacturing industry.