Western Region 


Guangxi

 
   
Key Information    
Guangxi
     
Guangxi
     
For more analytical studies of provincial data, please click on: "Monthly Data" or "Yearly Data"
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Introduction    
Guangxi Zhuang Autonomous Region, one of China’s five autonomous regions, is located in south China. It borders Hunan to the northeast, Guangdong to the southeast, Yunnan to the west and Vietnam to the southwest. The province also has a coastal line of 1,595 kilometers along the Gulf of Beibu Wan (Tonkin).    
     
It lies on the southeastern part of the Yunnan-Guizhou Plateau, with a mountainous area in its north. The sub-tropical monsoon climate with plenty of rainfall brings with it an abundance of plant species. About 8,000 tree species, including the Cathay silver fir, have been found in this province. It is also rich in mineral resources, such as silver, aluminum, antimony and vanadium.    
     
A large number of multi-ethnic groups live in Guangxi, with the Zhuang minority occupying a significant percentage.    
     
With picturesque scenery and beautiful landscapes, Guangxi is a hot tourism spot in China. Guilin and Yangsuo along the Li River, Hezhou Stone Forest and Behai Silver Bay have attracted a large number of domestic and overseas tourists.    
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Economic Overview    
Guangxi’s economy saw a two-digit growth for the fifth consecutive year in 2006. By the end of 2006, the GDP hit a record high of RMB 482.9 billion, representing an increase of 13.6% year-on-year. Figure 12.3.1 shows the economic breakdown by sectors. Service, industry and agriculture contribute almost equally to the economy, with agriculture contributing a little less than the two other sectors.    
     
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In 2006, fixed asset investment amounted to RMB 224.6 billion, 27% higher than the previous year. The industrial sector and service sector attracted a large proportion of the fixed asset investment, which totaled RMB 194.6 billion and accounted for over 86.6% of the total fixed asset investment infused in 2007. Figure 12.3.2 shows the breakdown in fixed asset investment by industry. Manufacturing and real estate represent nearly a quarter of fixed asset investments each, with energy, logistics, and water conservancy, environment and public facility management contributing to approximately 10% of fixed asset investments each.    
     
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Agriculture    
Due to the suitable weather and geographic location, Guangxi is one of China’s most important sugarcane, vegetable and fruit bases. In 2006, it produced 59.2 million tons of sugarcane (up 14.9% year-on-year), 22.3 million tons of vegetables (up 5.5% year-on-year), and 6.1 million tons of fruit (up 5.5% year-on-year). Forestry also plays an important role in the agricultural sector. In 2006, timber production reached 9.2 million cubic meters, 20.1% higher than 2005. The production of pine resin, one of its important forestry products, rose 27.5% year-on-year to 385,000 tons.   Due to the suitable weather and geographic location, Guangxi is one of China’s most important sugarcane, vegetable and fruit bases.
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Industry    
By the end of 2006, the value-added industrial output from the manufacturing sector had accumulated to RMB 195.6 billion, 20.1% higher than the previous year. Equipment manufacturing, metallurgy, food processing, electrical power and automobile manufacturing formed the major industries in the industrial sector. In 2006, value-added industrial output of equipment manufacturing reached RMB 18.7 billion, accounting for 17.1% of Guangxi’s total. Guangxi Liugong Machinery Co. Ltd, set up in 1958, is China’s top construction equipment manufacturer and the first listed company in the domestic industry. The sales revenue of this firm hit a record high of RMB 5.3 billion in 2006, with 10% of this revenue coming from exports.    
     
Rich resources in the province aided the strong development of Guangxi’s metallurgy industry. In 2006, it produced 7.15 million tons of steel products (up 37.6% year-on-year), 6.2 million tons of steel (up 25.3% year-on-year), and 747,300 tons of 10 major nonferrous metals (up 12.2% year-on-year). Guangxi Liuzhou Steel Corp, with an annual production capacity of steel and iron both surpassing 5 million tons, is a major player in Guangxi. Its sales revenue in 2006 jumped 31.6% to RMB 15.7 billion.
  As a large production base for sugarcane, Guangxi has also gained RMB 10.9 billion in value-added output from sugar processing, accounting for two-thirds of the total value-added output from the food processing sector.
   
The increasing production of vegetables, fruit and crops has brought about the large growth in the food processing industry. In 2006, the value-added output from this industry climbed 15.5% to RMB 16.5 billion. As a large production base for sugarcane, Guangxi has also gained RMB 10.9 billion in value-added output from sugar processing, accounting for two-thirds of the total value-added output from the food processing sector. Nanning Sugar Industry Co. Ltd, Guangxi Guitang Group and Guangxi Funan East Asia Sugar Co. Ltd are the top 3 sugar makers in the province. In the automobile industry, major players include Liuzhou Wuling Motors Co. Ltd, SAIC-GM-Wuling Automobile Co. Ltd, Dongfeng Liuzhou Motor Co. Ltd and Yucai Group.
 
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Services    
Due to the many scenic locations in Guangxi, tourism contributes significantly to the development of the service sector. The finance sector, though not as strong as others in China’s coastal regions, has been emerging as another important industry in the service sector. In 2006, more than 74 million domestic tourists and 1.7 million overseas tourists visited Guangxi, representing an increase of 14% and 14.8% year-on-year respectively. Revenue from domestic tourism amounted to RMB 33.4 billion while revenue from overseas tourists stood at US$404 million.
   
     
The value-added output from the finance sector almost hit RMB 10 billion, representing an increase of 14.4% from the previous year. Total deposit balance added 18.3% year-on-year to RMB 497.2 billion, while the loans balance increased by 17.9% year-on-year to RMB 359.5 billion. Insurance premiums exceeded RMB 8 billion in 2006, up 10.1% year-on-year. Within this figure, RMB 2.6 billion was derived from property insurance and RMB 4.6 billion was attributed to life insurance, representing increases of 15.3% and 7.4% from 2005 respectively.    
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Foreign Trade and Foreign Investment    
In 2006, the total turnover of foreign trade hit US$6.7 billion, with a growth rate of 28.8% over 2005. Import value reached US$3.1 billion, up 33.4% year-on-year, while the export value stood at US$3.6 billion, up 25.1% year-on-year. Major import products included soybeans (US$676 million), mechanical and electrical products (US$586 million), spinning fibers (US$383 million), coal (US$254 million), and high and new-tech products (US$237 million). Mechanical and electrical products remained the most important export products for the Guangxi province, with export values totaling US$810 million by the end of 2006. Other important export products are travel goods, boxes and bags (US$207 million), rolled steel (US$162 million), porcelain and pottery wares (US$114 million), and high and new-tech products (US$106 million). Guangxi’s largest foreign trade partner is Vietnam. The total foreign trade volume reached US$1.7 billion in 2007, accounting for nearly 22% of the total foreign trade volume. Table 12.3.1 shows the major trade partners of Guangxi and the import and export values.
   
     
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Guangxi has also strengthened its effort to attract foreign investors. In 2006, utilized FDI soared 18.2% year-on-year to US$ 447 million. Hong Kong was the largest foreign investment source, with US$156 million worth of investment, followed by the British Virgin Islands (US$117 million), Singapore (US$18 million), Japan (US$10 million) and the United States (US$9 million).    
     
The industrial sector received the largest proportion of foreign investment, which edged up 33.8% year-on-year to US$344 million, accounting for nearly 77% of the total FDI received in 2006. The real estate and public service sectors gained US$41 million in 2006, while the agricultural sector and logistics received US$26 million and almost US$ 10 million respectively.    
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Major Development Zones    
Guangxi has 4 state-level development zones and 23 provincial-level development zones. The 3 state-level development zones include Nanning Economic & Technological Development Area, Nanning New & High-tech Industrial Development Zone, Beihai Export Processing Zone and Dongxing Border Trade Development Zone. Table 12.3.2 shows the area, pillar industries and industrial output of the state-level development zones.    
     
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Education    
There were 55 colleges and universities in Guangxi by the end of 2006, with 82,300 graduates and 387,400 students on campus. Guangxi University, a national key university in the Guangxi province, was set up in 1928 in Nanning. Presently, it has 20 schools, 3 key laboratories at the ministerial level, 1 national key laboratory base at the ministerial level and 2 key experimental centers at the provincial level. Other universities, such as Guangxi Normal University, Guangxi Medical University and Guangxi University for Nationalities, have contributed to the fast economic development in Guangxi.    
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Major Cities in Guangxi    
There are 14 cities in the Guangxi province. Table 12.3.3 shows the GDP, population and land area of each city.
   
     
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Among these cities, Nanning, the capital of Guangxi, had the highest economic growth, with a GDP of RMB 87.0 billion in 2006. The following section provides a brief overview of Nanning.
   
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Nanning    
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Introduction    
Nanning, the provincial capital of Guangxi Zhuang Autonomous Region, has a history of more than 1,600 years. In 318AD, it even existed as a separate country. It was named Yongzhou (abbreviated to Yong) during the Tang Dynasty (618-907AD) and received its present name after the Xinhai Revolution in 1911. Currently, 36 minorities live in Nanning, making it one of China’s most multi-ethnic cities. With a sub-tropical monsoon climate, Nanning has plenty of rainfall and pleasant weather, which is suitable for the cultivation of fruit, vegetables and trees.    
     
Investment Climate    
In 2006, the city’s economy witnessed a rapid growth. The city’s GDP reached RMB 87 billion, with an increase of 16.4% from 2005. The agriculture realized a value-added output of RMB 13.4 billion, up 8.4% year-on-year, while industrial and service sectors gained value-added outputs of RMB 29.7 billion and RMB 43.9 billion respectively, up 24.9% and 13.7% year-on-year.    
     
The industrial output from the 6 pillar industries, including paper making and paper products, food processing, chemicals, pharmaceuticals, non-ferrous metal processing, and mechanical and electrical products manufacturing, was RMB 29.9 billion, up 42.8% year-on-year - accounting for 42.8% of the city’s total industrial output from enterprises with designated size and above.    
     
Fixed asset investment has been increasing steadily. In 2006 alone, fixed asset investment reached RMB 44.7 billion, 23.24% higher than the previous year. Nearly 80% of the total fixed asset investment was injected into the service sector (in particular, logistics, real estate, environmental protection, and public management and education). The investment in environmental protection has made Nanning “the Green City of China” and “China’s Top City for Environmental Comprehensive Treatment”.    
     
Foreign Investment    
In 2006, the foreign trade volume increased by 29.2% year-on-year to US$ 929 million, with export values rising 24.6% year-on-year to US$717 million and import values increasing by 49.2% to US$212 million. Eighty-three new foreign-funded projects were introduced in 2006, with a total value of US$471 million, up 48.5% year-on-year.    
     
Nanning Hi and New-tech Industrial Development Zone, Nanning Economic and Technological Development Zone and Nanning Oversea Chinese Investment Zone, the major platforms for attracting foreign investments in Nanning, introduced a total of 3,785 firms by the end of 2006. The industrial output (with designated size and above) soared 53.6% year-on-year to RMB 11.8 billion and the fixed-asset investment in the three development zones increased by 44.6% year-on-year to RMB 2.7 billion.    
     
Important Travel Information    
Time taken to travel from Nanning to the following destinations:    
- Beijing
- Hong Kong
- Shanghai
- Qingdao
- Hangzhou
- Nanjing
- Xi’an
- Wuhan
- Chengdu
- Chongqing
- Guangzhou
- Shenzhen
- Changsha
- Haikou
- Kunming
3 hours 5 min
1 hour 15 min
2 hours 10 min
2 hours 40 min
2 hours 10 min
3 hours 10 min
3 hours 20 min
1 hour 30 min
1 hour 35 min
1 hour 20min
1 hour
1 hour
1 hour 15 min
1 hour
1 hour
   
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