Guangxi attracts near 450b yuan of investment in H1
Guangxi's investment funds from other places in the country reaches 448.95 billion yuan in the first half of this year. [Photo/ngzb.com.cn]
In the first half of this year, Guangxi's investment funds from other places in the country reached 448.95 billion yuan ($65.19 billion), an increase of 5.83 percent, completing 54.63 percent of its 2019 target of attracting 821 billion yuan.
The actual utilization of foreign trade in Guangxi was $350 million, a year-on-year increase of 29 percent, which was higher than the national growth rate of 25.5 percent, completing 46.79 percent of the annual target tasks.
Major industrial projects played an important role in attracting investment, as funds for projects worth more than 100 million yuan accounted for 87.15 percent of the total funds in Guangxi.
Yang Chunting (2nd from right), director of the Investment Promotion Agency of Guangxi Zhuang Autonomous Region, visits the R&D center of Sino-Germany Bio-based New Material Application. [Photo/gx.chinanews.com]
The Investment Promotion Agency of Guangxi Zhuang Autonomous Region noted that Guangxi's investment promotion projects in the first half of the year showed four highlights.
Guangxi has made new breakthroughs in key areas in investment promotion. It has introduced a number of strategic emerging industry projects. There were 109 major projects with an investment of more than 1 billion yuan, including 20 projects with an investment of 5 billion yuan and 10 projects with a total investment of 10 billion yuan. The projects mainly focus on the fields of big health, big data, logistics, new manufacturing, new materials, and new energy.
A batch of heavyweight projects has landed in the province or will start soon. In the first half of 2019, Guangxi had newly signed 46 investment projects by Fortune 500 companies, China's top 500 companies, and China's top 500 private companies.
The Guangxi government has also established new mechanisms to help investment promotion. According to statistics, in the first half of the year, the main leaders of the Party and the government of all cities and counties in Guangxi had carried out a total of 7,211 investment and matchmaking negotiations, signing 752 contract projects.
In addition, Guangxi has accelerated the project approval process. It has issued several investment policy measures to provide strong assurances for industrial investment and project landing.