China (Guangxi) Pilot Free Trade Zone | investinchina.chinadaily.com.cn

China (Guangxi) Pilot Free Trade Zone

govt.chinadaily.com.cn Updated: 2019-11-28
Qinzhou Free Trade Port Area in Qinzhou, Guangxi Zhuang autonomous region. [Photo/gxnews.com.cn]

The China (Guangxi) Pilot Free Trade Zone is one of the six pilot free trade zones approved by the State Council on Aug 26, 2019, bringing the total number of trade zones in China to 18.

It forms an important gateway for organic connections between the 21st Century Maritime Silk Road and the Silk Road Economic Belt through deepening open cooperation with the ASEAN, promoting the construction of a new channel for international land and sea trade, and exploring the development and opening-up of border areas.

Scope of implementation

The total area of Guangxi's pilot FTZ is nearly 120 sq km, covering areas in Nanning (46.8 sq km, including the Nanning Comprehensive Bonded Zone), Qinzhou Port (58.19 sq km, including the Qinzhou Bonded Port Area) and Chongzuo (15 sq km, including the Pingxiang Comprehensive Bonded Zone).

Division of functions

Nanning Area focuses on developing enterprises in modern finance, smart logistics, the digital economy and cultural media industries, as well as emerging manufacturing in a bid to become a core area of the financial industry for the ASEAN and an important node in the new channels of international land and sea trade.

Qinzhou Area focuses on the development of port and shipping logistics, international trade, green chemicals, key components of new energy vehicles, electronic information, and biomedicine industries, and emerge as a gateway port for the new channel of international land and sea trade and an ocean-oriented economic cluster.

Chongzuo Area intends to engage mainly in cross-border industries such as trade, logistics, finance, tourism and labor cooperation, with the aim of becoming an industrial cooperation demonstration zone and a land portal of the new channels for international land and sea trade.