In the first quarter of the year, the actual utilization of foreign capital in the China (Guangxi) Pilot Free Trade Zone (FTZ) reached $473 million, up 207.1 percent year-on-year and 233.3 percentage points higher than its growth rate in the same period last year.

Guangxi Pinguan Food Park. [Photo/WeChat account: gh_df8bc987e060]

In the first quarter, the top three sources of actual utilized foreign capital in the Guangxi FTZ were Hong Kong, the United Kingdom, and Singapore, with an investment of $207 million, $199 million, and $58 million respectively. Foreign capital from the United Kingdom increased significantly, with a year-on-year growth of 165,916.7 percent.

Guangxi Zhujiang Brewery. [Photo/WeChat account: gh_df8bc987e060]

The actual utilized foreign capital in the manufacturing industry of the Guangxi FTZ reached $321 million, up 758.2 percent year-on-year, accounting for 67.9 percent of its total.

In the first quarter, the actual utilization of foreign capital in cooperation between the Guangxi FTZ and 13 economic and trade development zones was $342 million, accounting for 75.1 percent of the Guangxi FTZ total.