Guangxi's GDP in H1 goes over $177b

The overall economic performance of the Guangxi Zhuang autonomous region showed signs of recovery and solid progress in high-quality development. Its GDP reached 1.27 trillion yuan ($177.21 billion) in the first half of 2023, with a year-on-year increase of 2.8 percent.

The added value of the region's primary, secondary and tertiary industries reached 118.69 billion yuan, 427.04 billion yuan and 722.76 billion yuan, respectively. This shows a growth of 4.4 percent, 1.2 percent and 3.5 percent.

The added value of industrial enterprises above designated size in the January-June period increased by 5.2 percent year-on-year, while that of high-tech manufacturing industries in the region increased by 14.2 percent.

The added value of its service industry went up by 3.5 percent year-on-year, and its financial industry recorded a growth of 6.7 percent. Additionally, the total retail sales of consumer goods in the region increased by 3.8 percent year-on-year.

Fixed asset investment dropped by 21.1 percent year-on-year. However, certain manufacturing industries experienced rapid investment growth, such as the region's electrical machinery and equipment manufacturing industry, which increased by 37.9 percent, and its food manufacturing industry, which went up by 16.1 percent.

Guangxi's total import and export volume reached 339.07 billion yuan, marking a year-on-year increase of 43.2 percent. The import and export volume between the region and ASEAN countries, the European Union, and Africa surged by 92.6 percent, 62.9 percent, and 35.8 percent respectively.