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Guangxi attracts more foreign industrial investment with better policies and environment

(People's Daily Online)    14:06, March 29, 2019

Nanning, the capital of Guangxi Zhuang Autonomous Region (Photo/Chinanews.com)

South China’s Guangxi Zhuang Autonomous Region plans to attract 821 billion yuan (about $121.84 billion) of foreign investment in 2019, Lu Wanqing, deputy director of the Investment Promotion Agency of Guangxi said at a press conference on March 28.

The foreign capital intended to be used in the region in 2019 is $750 million, while the government will strive to fulfill a higher goal of $850 billion, noted Lu at the press conference in Nanning, capital of Guangxi.

At the press conference on Guangxi’s plan to attract more foreign industrial investment in 2019, Lu stressed that under the theme of “introducing new projects and fostering new driving forces”, greater efforts will be focused on the three major areas of health, big data, and logistics, and the three fields of new manufacturing, new materials, and new energy.

The region will also endeavor to attract large and competitive overseas enterprises and talents in key industries including economy, finance, and high and new technology, Lu added.

In recent years, Guangxi has rolled out a series of policies to improve the region’s business environment, and has also allowed local governments to formulate relevant supporting policies to create favorable conditions in areas including construction, water and electricity supply, financial support, and talent support.

According to sources, Guangxi attracted 795.9 billion yuan in foreign investment in 2018, when the region started to put into practice its three-year action plan (2018-2020) to intensify efforts to attract foreign industrial investment. 

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Hongyu, Bianji)

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