BIZCHINA / Investment Alerts
Guangxi hopes to become growth engine
(China Daily)
Updated: 2007-01-19 10:33
NANNING: South China's Guangxi Zhuang Autonomous Region is positioning
itself to become another growth engine for the country by speeding up the
development of its coastal cities on the Beibu Gulf.
The strategy is expected to transform the coastal cities of Nanning,
Beihai, Qinzhou, Fangchenggang, Chongzuo and Yulin into a single economic
zone.
As a result, the Beibu Gulf area is expected to become another growth
engine for the country as well as platform for economic cooperation with
ASEAN member states, most of which have links with the Beibu Gulf region.
"Guangxi has started the planning and construction of the economic zone,
and has set up an administrative committee to take charge of the planning
and co-ordination of the coastal cities in the zone," said Chen Wu,
vice-chairman of the Guangxi Zhuang Autonomous Region government and the
director of the zone's administrative committee, in a recent interview.
"We aim to develop the zone into a base for harbor industries and for
China-ASEAN cooperation in logistics, commerce and trade, as well as in
information exchanges," he added.
Officials in Guangxi have been focusing on improving the region's
infrastructure and industrial coordination among the six cities in the
zone, he said.
About 6 billion yuan ($769.23 million) has been earmarked for investment
in infrastructure projects in the plan's first phase, and another 4.71
billion yuan ($603.85) has been budgeted for 26 infrastructure additional
projects in the second phase.
The vice-chairman said authorities in Guangxi are also working with the
different coastal cities to integrate the development of their ports.
"Infrastructure in the zone's six cities will be drastically improved by
2008, when all of the projects are completed," he said.
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