NANNING (XINHUA) – As of July, the China (Guangxi) Pilot Free Trade Zone (FTZ) had recorded a total of CNY858 billion (about USD120 billion) of imports and exports since its establishment in August 2019, local authorities said on Thursday.
The foreign trade handled by the pilot FTZ amounted to 37.4 per cent of the total recorded by south China’s Guangxi Zhuang Autonomous Region during the period, according to a press conference.
During this period, the pilot FTZ also posted an accumulated actual use of foreign capital exceeding USD1.47 billion, accounting for 36.8 per cent of Guangxi’s total.
The pilot FTZ has seen its gross industrial production by enterprises above the designated size soar from CNY55.85 billion in 2020 to last year’s CNY100.55 billion, with average annual growth of 34.2 per cent.
Since the establishment of the first pilot FTZ in Shanghai in 2013, China has established 21 FTZs and the Hainan Free Trade Port.
