Industrial development of Guangxi in 2017
In 2017, the total output value of Guangxi's industries above designated size reached 2.7 trillion yuan ($394.5 million), ranking second in western China and 14th in the country. The total industrial added value was 766.37 billion yuan, up 6.8 percent year-on-year. Among them, the added value growth rate of industries above designated size was 7.1 percent, and the added value growth rate of the high-tech industry was 15.4 percent. The main business income of industrial enterprises above designated size was 2.15 trillion yuan ($312.1 billion), a year-on-year increase of 13.2 percent, and the total profit was 125.17 billion yuan, a year-on-year increase of 28.6 percent. The industries with main business income exceeding 100 billion yuan have increased to 10, of which seven industries including electronic information exceeded 200 billion yuan, and the food industry exceeded 400 billion yuan.
The advanced manufacturing industry, including new energy automobiles and urban rail vehicles have developed rapidly. In 2017, Guangxi produced 36,245 new energy automobiles, an increase of 2,250.5 percent year-on-year, and 108 urban rail vehicles, up 38.5 percent from the previous year.
The output of sugar, aluminum, machinery and metallurgy showed remarkable growth, and traditional advantage industries burst out new energy.
In 2017, approximately 2.3 million mu (1533 hectares) of sugarcane base were built, accounting for over 60 percent of the country's sugar production for numerous years in succession. The aluminum intensive processing industry has accelerated its development, with an output of 3.88 million tons of aluminum in 2017, up 19.8 percent year-on-year. The output of wheel loader of Guangxi Liugong Group in 2017 ranked first in China, and its export of construction machinery products was on the top three. The market share of Yuchai Machinery Group's medium tonnage diesel engine has been first in China for many years, and in 2017, the output of coarse steel of Guangxi Liuzhou Iron and Steel Group Co Ltd exceeded 12 million tons and made a profit of 4.6 billion yuan.