Guangxi inks major investment contracts

South China's Guangxi Zhuang autonomous region inked 52 deals at a conference on Monday aimed at attracting private investment to fuel its high-quality development.

The agreements, signed in Nanning, the regional capital, span sectors including new materials, green chemicals, food processing, biomedicine and new energy.

Of the projects, 44 are joint efforts between Guangxi and major domestic key areas like the Guangdong-Hong Kong-Macao Greater Bay Area, the Yangtze River Delta, the Beijing-Tianjin-Hebei region and the Chengdu-Chongqing economic circle.

Moreover, the China-ASEAN Industrial Park, spanning seven cities in Guangxi, attracted 31 projects worth 80.9 percent of the total investment, demonstrating the effectiveness of policy incentives and growing private sector interest in the region's platform for international cooperation.

Entrepreneurs cited Guangxi's strategic location and improving business environment as key factors bolstering their confidence.

"Guangxi's location is exceptional, boasting coastal, river and border advantages, coupled with multiple national strategic policies," said Chen Zhilie, board chairman of EVOC Intelligent Technology.

"Investing in Guangxi means tapping into ASEAN and broader overseas markets," Chen said.

The Guangdong-Guangxi cooperation framework has fostered robust economic ties, with Fortune 500 companies and industry leaders from Guangdong province establishing a presence in Guangxi.

Wens Foodstuff Group, an agricultural and food conglomerate based in Guangdong, expanded into Guangxi in 1996.

"Over the years, Guangxi has provided strong support and assistance for the high-quality development of our group," said Wen Zhifen, vice-chairman of the All-China Federation of Industry and Commerce and chairman of Wens Foodstuff.

As the business environment improves, more companies are establishing roots in Guangxi.

"We have witnessed firsthand the dynamism and potential of Guangxi," said Pan Baochun, chairman of Hefei Royalstar Electronics.

"I am highly optimistic about Guangxi's future," said Pansy Ho Chiu-king, executive chairwoman and managing director of Shun Tak Holdings and vice-chairwoman of the All-China Federation of Industry and Commerce.

Contact the writers at zhangli@chinadaily.com.cn