Country for PR: China
Contributor: Xinhua News Agency
Monday, February 06 2017 - 18:41
AsiaNet
New Breakthroughs Made for Guangxi-ASEAN ETDZ Project
NANNING, China, Feb. 6, 2017 /Xinhua-AsiaNet/--

Founded in March 2004 and located 30 km north of the city proper of Xingning 
District of Nanning, Guangxi-ASEAN Economic and Technological Development Zone 
(ETDZ) is an industrial hub in Guangxi Beibu Gulf Economic Rim. In March 2013 
the ETDZ was registered with the State Council as a core national-level 
development zone representative of Nanning's industrialization and urbanization 
progress. As Nanning presses aggressively ahead with its industrial strategy as 
well as infrastructure improvement efforts, economies of agglomeration and low 
investment cost are beginning to pay off. So far, more than 270 well-known 
Chinese and foreign enterprises have deployed local offices, subsidiaries or 
manufactories in the ETDZ. In 2016, a new business model was introduced into 
the ETDZ. While strengthening the present place and influence of food 
processing, biopharmaceuticals and machinery manufacturing, the administrators 
have gone to great lengths to diversify into emerging sunrise industries by way 
of drawing more influential investors. 

It is reported that the 27 new projects secured in 2016 consisted of RMB 5.6 
billion in domestic investment, accounting for 103.70% of the year's goal, and 
USD 53.5 million in FDI, accounting for 100% of the year's goal. 

Construction work for Nanning Scisky Science Park project, a RMB 6 billion 
investment secured in May 2016, commenced officially in December as a 
revolution in the environmental wood processing sector in Guangxi. The ETDZ's 
next plan is to step up efforts to draw more upstream and downstream 
manufacturers related to the Scisky project - automotive upholstery, flooring, 
furniture and custom home fittings - so that the industrial cluster can 
contribute positively to economies of scale and agglomeration of water-soluble 
high polymer material manufacturers.   

According to a principal of the local investment promotion agency, in 2017, the 
AETDZ will be steadfast in its primary commitment to "draw larger and 
higher-quality investments" while expanding the existing chain of projects and 
targeting efforts precisely on key areas and industries. While intensifying the 
focus on the three dominant industries, the leadership pledges to make new 
progress by extending to modern agriculture, tourism and the service industry.

Source: Guangxi-ASEAN Economic and Technological Development Zone (ETDZ)

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