NEW BREAKTHROUGHS MADE FOR GUANGXI-ASEAN ETDZ PROJECT

NANNING, China, Feb 6 (Bernama) -- 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. http://mrem.bernama.com/viewsm.php?idm=28392