Guangxi attracts $30.6b investment in Q1

South China's Guangxi Zhuang autonomous region attracted a total investment of 207.23 billion yuan ($30.58 billion) in the first three months of this year, up 8.3 percent year-on-year, according to statistics released by the Guangxi Investment Promotion Agency on May 6.

Supported by the regional government, Guangxi has placed emphasis on cultivating leading enterprises and industrial clusters, bringing in 32 projects invested by China's top 500 companies.

Guangxi has further integrated into the Guangdong-Hong Kong-Macao Greater Bay Area, and the investment from the Bay Area reached 83.63 billion yuan in the first quarter, accounting for 40.4 percent of the region's total.

In addition, integration into the Greater Bay Area has resulted in a sharp rise in Guangxi's strategic emerging industries, which received a total investment of 27.88 billion yuan, making up 13.45 percent of the region's total number, 9.75 percentage points higher than that in January 2017. The key factors in driving the growth of emerging industries include new generation information technology, the marine economy, and new materials sectors, which have witnessed a year-on-year growth of over 65 percent.

Major industrial projects are also playing a critical role in attracting investment, and the agglomeration effect has become obvious. In the first three months, the projects of investment exceeding 100 million yuan account for 88.05 percent of Guangxi's total number.