Guangxi's investment attraction shows big results in 2020

The paid-in investment that Guangxi has attracted from domestic areas outside the region increased by 13.5 percent year-on-year in 2020, reaching 103.2 percent of the annual target, officials from the Investment Promotion Agency of Guangxi Zhuang Autonomous Region announced on March 14.

Guangxi's actual utilization of foreign capital reached $1.32 billion in 2020, with a year-on-year growth of 18.7 percent, hitting 114.6 percent of the annual target. 

The paid-in investment that Guangxi has attracted for strategic emerging industries has seen a year-on-year growth of 40.7 percent, 46.6 percent and 39.2 percent respectively during the years 2018 to 2020.

A total of 46 Fortune Global 500 companies, 78 of China's Top 500 companies and 42 of China's top private companies invested in new projects in Guangxi in 2020. In addition, the region welcomed three projects with an overall investment of more than 100 billion yuan ($15.38 billion) each, the first three of their kind in Guangxi with that level of investment. 

Guangxi will carry out precise matchmaking with outstanding industrial associations in China in order to sign a batch of investment projects. It will strive to achieve an overall investment of more than 1 trillion yuan from these projects to speed up the transformation and upgrading of Guangxi's industrial structure.