The Jan 28 press conference. [Photo by Xie Linlin/Guangxi Daily]

Guangxi Zhuang autonomous region received a total paid-in investment of 736.6 billion yuan ($115.8 billion) in 2021, completing 105 percent of the annual target, officials announced during a press conference held on Jan 28.

Investment for projects newly signed in Guangxi in 2021 reached 1.1 trillion yuan, completing 110 percent of the region's annual target. 

A total of 1,589 projects invested in by State-owned companies, private companies, and Greater Bay Area companies in Guangxi fulfilled their contracts in 2021 with a total paid-in investment of 460.9 billion yuan ($72.5 billion). Among them, 1,305 have started construction and 650 have been put into operation. 

The region arranged 50 investment attraction events across the country, as well as set up 136 teams in 2021 to visit major areas like the Guangdong-Hong Kong-Macao Greater Bay Area, the Yangtze River Economic Belt, and the Beijing-Tianjin-Hebei region to attract investment. The teams also visited 14,475 target companies last year and invited 6,150 companies to have on-site visits in Guangxi. 

Guangxi is expected to attract 828 billion yuan in paid-in investment, with a year-on-year increase of over 15 percent, in 2022. It will also strive to sign new projects, with a value of 1.15 trillion yuan. It aims to put over 500 projects into operation, with an annual output value of more than 200 billion yuan.