Guangxi achieves stable economic growth in 2022

The 14th Guangxi Zhuang Autonomous Regional People's Congress commences on Jan 12 in Nanning, capital of Guangxi Zhuang autonomous region. [Photo by Yu Jing/China News Service]

A government work report released at the 14th Guangxi Zhuang Autonomous Regional People's Congress on Jan 12 stated that despite external pressures, Guangxi Zhuang autonomous region has maintained stable economic growth and social operation in 2022.

It is estimated that Guangxi has achieved a year-on-year growth of 3 percent in GDP, 4.5 percent in industrial added value above designated size, 3.6 percent in general public budget revenue, and 2 percent in consumer prices.

The main goals for Guangxi's socioeconomic development in 2023 have also been determined. It will achieve a growth of 5.5 percent in GDP, 5 percent in general public budget revenue, 6.5 percent in industrial added value above designated size, over 8 percent in fixed asset investment, more than 6.5 percent in total retail sales of consumer goods, and over 7 percent in total import and export volume.

Other goals include the decrease of the region's carbon emission volume until it is within the national target, and that the growth of per capita disposable income will keep pace with economic growth. The region will add 300,000 new job opportunities and control the urban unemployment rate to below 6 percent. The increase of the consumer price index will be maintained to be around 3 percent.

It is also noted that Guangxi will devote efforts to the transformation and upgrade of its manufacturing industry and will promote industrial vitalization. Construction of major projects will be moved forward and the region's opening-up level will be further increased. The public service system will also be upgraded to improve people's quality of life.