Guangxi-ASEAN Economic and Technological Development Zone
Guangxi-ASEAN Economic and Technological Development Zone [Photo/nn-dm.gov.cn]
The Guangxi-ASEAN Economic and Technological Development Zone (hereinafter referred to as "ASEAN Economic Development Zone") is located in Wuming District, Nanning, capital of Guangxi and green city of China, 30 kilometers from the urban area of Nanning. It was established in March 2004. On March 2, 2013, with the approval of the State Council, the development zone was upgraded to a state-level economic and technological development zone and named "Guangxi-ASEAN Economic and Technological Development Zone." In 2015, Guangxi-ASEAN Economic Development Zone was successfully approved as a demonstration pilot park for the national park recycling reform.
The development zone plans to have four functional areas, including a comprehensive industrial park, a Nanning educational park, a cultural tourism and leisure area, and a modern agriculture demonstration area. The development zone is an important carrier of the China-ASEAN Expo. It is one of the 14 key industrial parks in Guangxi Beibu Gulf Economic Zone and the core area for Nanning to promote industrialization and urbanization.
ASEAN Economic Development Zone covers an area of 180 square kilometers (all State-owned land) and has a population of 85,000. By 2030, the planned population is expected to reach 470,000. ASEAN Economic Development Zone, formerly known as the Wuming Overseas Chinese Farm was approved by the State Council in February 1960 (which is the nation's largest overseas Chinese farm) and the Nanning Overseas Chinese Investment Zone was approved by the Guangxi Autonomous Regional Government in December 1990. In 2005, ASEAN Economic Development Zone became the key contact unit of the Overseas Chinese Affairs Office of the State Council. The contact unit is a demonstrative area for the transformation and restructuring of overseas Chinese farms.
ASEAN Economic Development Zone is now one of the fastest growing and most promising development zones in Nanning and in the entirety of Guangxi. During the period of the 11th Five-Year Plan, the total industrial output value of the development zone, the investment in fixed assets of the whole society, the actual domestic capital in use, the actual use of foreign capital, and the fiscal revenue have grown at an average annual rate of 68 percent, 46 percent, 31 percent, 30 percent, and 26 percent, respectively, which has become one of the fastest growing and most promising development zones in the city and in Guangxi. Facing the future, ASEAN Economic Development Zone will highlight the largest characteristic light industrial base in the Guangxi Beibu Gulf Economic Zone, and build an ecological new city with the features of overseas Chinese region that is suitable for business and livable, and a reform demonstration zone for overseas Chinese farms.