Guangxi FTZ attracts 5,727 new enterprises in 4 months

From January to April, 5,727 new enterprises were established or settled in the China (Guangxi) Pilot Free Trade Pilot Zone (FTZ), with foreign trade imports and exports value reaching 85.01 billion yuan ($1.19 billion), an increase of 88.8 percent over the same period last year, and accounting for 38.2 percent of Guangxi's total.

Guangxi FTZ attracts 5,727 new enterprises from January to April. [Photo/WeChat account: gh_df8bc987e060]

The Guangxi FTZ's actually utilized foreign investment at this time reached $310 million, an increase of 498.7 percent, which accounted for 63.3 percent of Guangxi's total.

From January to April, the Nanning area of the Guangxi FTZ achieved a cross-border e-commerce import and export volume of 4.58 billion yuan, an increase of 39.9 percent. The volume of its bulk commodities reached 44.07 billion yuan, an increase of 32.7 percent.

During this period, the trade volume of foreign trade in the Chongzuo area of the Guangxi FTZ achieved 39.17 billion yuan, an increase of 136.4 percent. Additionally, four projects are set to be established in the area, with a total investment of 930 million yuan. In order to provide efficient logistics support for cross-border cooperation, Chongzuo opened 22 cross-border road logistics routes, covering more than 20 cities in seven ASEAN countries.

From January to April, the total industrial output value of the Qinzhou Port area of the Guangxi FTZ reached 23.33 billion yuan, an increase of 43.4 percent year-on-year. In addition, Qinzhou Port has promoted the implementation of 50 major projects at an autonomous region level and 126 key projects during this time.

Up to May 11, the freight transport throughput of the New International Land-Sea Trade Corridor exceeded 300,000 twenty-foot equivalent units (TEU), an increase of 37,000 TEUs or 14 percent.