Guangxi dispatches investment attraction teams

Members from investment attraction teams wave flags at a launch ceremony in Guangxi Zhuang autonomous region. [Photo by Li Jieqi/China News Service]

On Feb 20, Guangxi Zhuang autonomous region dispatched 118 investment attraction teams of 526 members to major domestic areas including the Guangdong-Hong Kong-Macao Greater Bay Area, the Yangtze River Economic Belt, and the Beijing-Tianjin-Hebei region.

The annual targets set for the region include adding investment cooperation projects of over 500 billion yuan ($79 billion), introducing over 10 projects invested by the Fortune Global 500 and receiving over 20 investment projects from China's Top 500 Companies.

These new projects are expected to help adjust and optimize Guangxi's economic structure and promote the transformation and upgrade of major industries, accelerating the construction of a modern economic system. 

Li Changguan, director of the Guangxi Investment Promotion Bureau, said that the investment attraction will feature a digital economy, a marine economy, and other major industries such as high-end equipment manufacturing, automobile, biomedicine, advanced new materials, and modern finance. Measures including recommending Guangxi projects, launching promotions, and enhancing communication will be taken into consideration. 

Li added that dispatching work teams for investment attraction is an innovative measure in deepening matchmaking with domestic areas of better economy and an ideal way to undertake industrial transfer from these areas.