NANNING, China, Dec. 13, 2023 /PRNewswire/ -- This is a report from the Guangxi Branch of China News Agency: In recent years, in the face of the complex and severe international environment and the arduous and heavy tasks of reform, development and stability, Guangxi has solidified its foundation to promote the industrial upgrading and transformation. In addition, upholding the strategy of sea-oriented economy, Guangxi has accelerated the common progress with ASEAN and the integration with Guangdong-Hong Kong-Macao Greater Bay Area to play a "Progress Song" of high-quality economic development with great fanfare.

Innovation and transformation of traditional industries to speed up the building of the "Belt and Road"

In recent years, as the largest industrial City in Guangxi, Liuzhou has accelerated the upgrading and transformation of "time-honored" traditional industries. Liugong Group is transforming from "manufacturing" to "intelligent manufacturing" and is speeding up the export of heavy machinery.

"We should make technological innovation the core driving force for increasing market share." As pointed as by Zeng Guang'an, chairman of Liugong Group, facing the new normal of the market, Liugong is striving to make new ideas for engineering machinery products and is upgrading products in a targeted manner by focusing on intelligence, innovation and environmental protection.

SGMW is the first car company in China with a cumulative production and sales volume higher than 25 million vehicles. Non-road new energy vehicles produced by Guangxi Auto are exported to Vietnam, Thailand, Australia, Canada, the United States, and other places.

In recent years, Guangxi has developed the "secondary entrepreneurship" in traditional advantageous industries such as sugar, aluminum, machinery and metallurgy to speed up the upgrading and transformation.

Baise City is vigorously developing wind and PV power generation, promoting "wind-PV-hydropower-storage integration" and "wind-PV-thermal power-storage integration" projects, building a new power system with significantly increased proportion of new energy sources and accelerating the green development of aluminum industry.

As the largest internal combustion engine production base in China, Guangxi Yuchai develops many national and global first power products by upgrading its technologies and products, driving the entire industry chain to move towards high-end, intelligence and green development.

In the first three quarters this year, Guangxi saw a year-on-year growth rate of 6% in the added value of industries above designated size and 9.2% in the added value of high-tech manufacturing industry and kept improved supporting indicators.

Development of "sea-oriented economy" to create an ASEAN industrial cooperation zone

In recent years, due to its location advantage, Guangxi has participated in joint construction of the new western land-sea corridor at high level to create a convenient operating zone for domestic and international dual-circulation markets. In addition, Guangxi has actively served the joint building of the "belt and road" with high quality and of a closer China-ASEAN community with a shared future. It has obtained new breakthroughs in opening at high level.

Nanning City has vigorously developed the sea-oriented economy in this major historical opportunity that Pinglu Canal "brings a sea to Nanning". From January to September, Nanning contracted 93 projects above RMB 50 million in sea-oriented economy industry with the total investment approximately RMB 61.536 billion.

In Tieshan'gang District in Beihai City, 4# and 5# berths in the south of Beimu operation area with the design passing capability of 6 million tons were comprehensively commenced. With the advantages of sea wind power resources, Beihai City attracted many leading enterprises in wind power equipment manufacturing, such as GOLDWIND and CRRC, and integrated these enterprises into a wind power industry cluster.

With the accelerated construction of the new western land-sea corridor, Qinzhougang Area of China (Guangxi) Pilot Free Trade Zone shows its economic vitality. Many liquid chemical and bulk cargo terminals with a capacity of 50,000 tons to 100,000 tons are constructed along the sea.

The year 2023 is both the 10th anniversary of the initiatives of jointly building a closer China-ASEAN community with a shared future and the "Belt and Road" and the 20th anniversary of China-ASEAN Expo and China-ASEAN Business and Investment Summit.

Based on the construction of China-ASEAN Industrial Cooperation Zone, Guangxi promotes the establishment of connection mechanisms with key provinces and cities to jointly construct cross-regional and cross-border industrial chains and supply chains and makes efforts to build an important carrier and platform for China-ASEAN capacity and investment cooperation. This cooperation zone is along the coast, the border and the river and can achieve seamless transportation with ASEAN countries.

In this year, Guangxi government organized delegations to visit many countries such as Vietnam, Singapore and Malaysia, to reach the cooperation consensus with relevant parties on cooperation by the new international land-sea trade corridor. Nanning Customs statistics reveals that from January to October, import and export trade between Guangxi and other RCEP members increased by 30%, among which import and export trade with ASEAN was RMB 272.69 billion, with a year-on-year growth rate of 32.4%.