Guangxi Zhuang autonomous region has successfully issued 9.87 billion yuan ($1.42billion) in new seven-year government bonds through the Ministry of Finance in Shenzhen's government bond issue system. With interest rates of 4.06 percent, it marks the completion of local issuance plans for 2018.
Bama Yao autonomous county in Guangxi Zhuang autonomous region has promoted 117 major projects in 2018. Thirty-four projects started construction from January to August, with a total investment of about 3.2 billion yuan ($462.55 million), representing a year-on-year increase of 19.5 percent.
From January to May, 2.8 billion yuan ($409 million) of investment promotion funds were in place.
A chemicals and new materials integration project, a major undertaking by Shanghai Huayi (Group) Company in Qinzhou with a total investment of 22.8 billion yuan ($3.33 billion), started construction on June 27.
A rare-earth battery project with a total investment of 1.5 billion yuan was recently signed between Lipu County and Shenzhen Pengwei New Energy Science and Technology Co Ltd.
A ceremony featuring the completion of 12 major projects of the second quarter of 2018 was held at the Zone D of Hualing Area in Liudong New Area on June 12.
The construction of 30 projects with a total investment of 7.65 billion yuan kicked off in Laibing in May.