Located in southern China, Guangxi Zhuang Autonomous Region is bordered by Yunnan to the west, Guizhou to the north, Hunan to the northeast, and Guangdong to the east and southeast. It assumes an important role in the China Western Development Program, especially as a hub of sea transportation.
Guangxi is also bordered by Vietnam in the southwest and the Beibu Gulf in the south and serves as China's gateway to ASEAN countries. With the foundation of China-ASEAN Free Trade Area, Guangxi plays a strategically important role as an intersection of China-ASEAN Free Trade Area and Pan-Pearl River Delta.
Guangxi covers an area of 237,600 square kilometres, ranking the 9th in China. With 1,595 kilometres of coastline, Guangxi is endowed with rich marine and coastal resources. Guangxi is rich in natural resources. Among the 96 kinds of proved mineral reserves found in the Region, the deposits of tin, manganese, antimony and lime are the largest in China. Guangxi produces a large number of cash crops, including sugarcane, palm-oil seeds, bananas, pineapple and rosin.
Guangxi's Main Economic Indicators in 2013-2017
Indicators | 2013 | 2014 | 2015 | 2016 | 2017 |
Macroeconomy | |||||
GDP (RMB bln) | 1,444.99 | 1,567.29 | 1,680.31 | 1,824.51 | |
GDP Growth (% YoY) | 10.2 | 8.5 | 8.1 | 7.3 | 7.3 |
Per-capita GDP (RMB) | 30,741 | 33,090 | 35,190 | 37,876 | 41,955 |
Fixed-asset Investment (RMB bln) | 1,190.77 | 1,384.32 | 1,622.78 | 1,823.68 | 2,049.91 |
Per-capita Disposable Income (RMB) | 14,082 | 15,557 | 16,873 | 18,305 | 19,905 |
Urban Per-capita Disposable Income (RMB) | 22,689 | 24,669 | 26,416 | 28,342 | 30,502 |
Rural Per-capita Disposable Income (RMB) | 7,793 | 8,683 | 9,467 | 10,359 | 11,325 |
Consumer Inflation (% YoY) | 2.2 | 2.1 | 1.5 | 1.6 | 1.6 |
Domestic Trade | |||||
Retail Sales of Consumer Goods (RMB bln) | 513.31 | 577.28 | 634.81 | 702.73 | 781.30 |
Growth Rate (% YoY) | 13.6 | 12.5 | 9.97 | 10.7 | 11.2 |
Foreign Trade and Investment | |||||
Foreign Trade in Goods (USD bln) | 32.83 | 40.55 | 51.26 | 47.90 | 58.58 |
Export (USD bln) | 18.69 | 24.33 | 28.03 | 23.03 | 28.11 |
Import (USD bln) | 14.13 | 16.22 | 23.24 | 24.87 | 30.47 |
Growth of Foreign Trade (% YoY) | 11.4 | 23.5 | 26.4 | -6.6 | 22.6 |
FDI (USD mln) | 700.08 | 1,001.19 | 1,772.08 | 888.00 | 823.00 |
FDI Growth (% YoY) | -6.5 | 43 | 77 | -48.4 | -7.4 |
Finance | |||||
Fiscal Revenue (RMB bln) | 131.76 | 142.23 | 151.52 | 155.62 | 2,604.21 |
Fiscal Expenditure (RMB bln) | 320.87 | 347.98 | 406.55 | 447.25 | 4,912.89 |
Balance of Bank Deposit (RMB bln) | 1,840.05 | 2,029.85 | 2,279.35 | 2,547.78 | 2,789.964 |
Balance of Bank Loans (RMB bln) | 1,408.10 | 1,607.1 | 1,811.93 | 2,064.05 | 2,322.61 |
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