Guangxi implements pilot free trade zone to enhance strategic utilization of foreign investment, steadily increasing
Nanning, November 19 (Xinhua) -- On November 19, the Department of Commerce of Guangxi Zhuang Autonomous Region introduced that from January to October this year, the actual use of foreign investment in Guangxi exceeded 500 million US dollars, a year-on-year increase of 9%, higher than the national average growth rate. Hong Kong, UK, and Singapore are the top three sources of foreign investment in Guangxi.
Since the beginning of this year, Guangxi has taken the opportunity of creating a convenient domestic and international dual circulation market operation, actively undertaking industrial gradient transfer, stabilizing the scale of foreign investment, improving the quality of investment attraction, comprehensively deepening opening up to the outside world, and enhancing investment advantages through institutional opening up.
At the same time, Guangxi has fully implemented the national treatment and negative list management system before foreign investment access, implemented the "zero tolerance" requirement for foreign investment access restrictions in the manufacturing industry, promoted greater openness in various related fields, served equal access of foreign-funded enterprises to various industries, and better attracted and utilized foreign investment.
Guangxi vigorously implements the strategy of upgrading the pilot free trade zone, with 45 new institutional innovation achievements replicated and promoted throughout the region. The China (Guangxi) Pilot Free Trade Zone has released a negative list of data exports, using the advantages of the pilot system and policy to attract more foreign-funded enterprises to land and accelerate the creation of a new highland for open economic development.
In order to enhance the efficiency of attracting investment in key open parks, Guangxi has issued the "Implementation Plan for the Strong Opening Action of Guangxi Baijiayuan District", promoting the upgrading of Beiliu, Hezhou, and Laibin Economic Development Zones to autonomous region level economic development zones.
According to data provided by the Guangxi Department of Commerce, from January to October this year, the actual use of foreign investment in the China (Guangxi) Pilot Free Trade Zone exceeded 300 million US dollars, a year-on-year increase of 25.3%; The actual use of foreign investment in 17 economic and technological development zones in Guangxi exceeded 200 million US dollars, a year-on-year increase of 229.3%.
The structure of foreign investment utilization in Guangxi has been further optimized. From January to October this year, the actual investment in key industrial projects in Guangxi exceeded 300 million US dollars, a year-on-year increase of 40.4%. Among them, the actual use of foreign investment in the manufacturing industry exceeded 250 million US dollars, a year-on-year increase of 150%.
Next, Guangxi will focus on the main line of "stabilizing foreign investment", strengthen the investigation and tracking services for key projects, promote the exploration of potential foreign investment increments in local cities, vigorously solve the problem of foreign investment development, further expand foreign investment inflows, and promote stable and high-quality foreign investment.
Guangxi will continue to make good use of the advantages of outward oriented platforms such as pilot free trade zones and key industrial parks, increase policy implementation efforts, carry out investment promotion activities, follow up on the transformation of investment results, cultivate new driving forces for foreign investment, and help promote high-quality regional economic development.