This aerial photo taken on May 15, 2022 shows a China-Europe freight train departing from Nanning, south China's Guangxi Zhuang Autonomous Region. (Xinhua/Zhang Ailin)
BEIJING, March 7 (Xinhua) -- South China's Guangxi Zhuang Autonomous Region will intensify efforts to optimize the investment environment to promote a batch of foreign-funded projects this year, Huang Weiping, director of Investment Promotion Agency of Guangxi Zhuang Autonomous Region, said on Monday.
On the same day, a meeting on foreign investment was held in Guangxi's capital Nanning, with more than 50 officials from foreign-invested enterprises and foreign business associations exchanging views on how to further attract and utilize foreign investment in the region.
The region has rolled out incentive and rewarding policies to attract foreign investment. Enterprises which set up corporate headquarters in Guangxi or have major projects with actual utilization of foreign capital of more than 15 million U.S. dollars annually will enjoy a one-time reward of up to 100 million yuan. Intermediary agencies that successfully introduce major foreign investment projects will get a maximum of 5 million yuan incentive.
Huang said that in 2022, the actual utilization of foreign capital in the region reached 1.37 billion U.S. dollars, up 46.4 percent year on year. Among them, the actual utilization of foreign capital in manufacturing industry increased by 72.61 percent year on year, showing remarkable growth trend.
In 2023, in order to further expand the scale and level of foreign investment, the region plans to host special activities under the themes such as China (Guangxi) Pilot Free Trade Zone and the New International Land-Sea Trade Corridor to accurately connect with a number of foreign enterprises and merchants.
(Edited by Tian Shenyoujia with Xinhua Silk Road, tianshenyoga0524@163.com)
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