China’s pilot FTZ in Guangxi signs $2bn investment deals

Nanning: A total of 17 projects were signed on Sunday in the pilot free trade zone (FTZ) of south China's Guangxi Zhuang Autonomous Region with a total contractual investment of 13.1 billion yuan (about $2 billion).

The investment projects cover sectors of electronic information, green energy, performing arts culture, modern services, ecological forestry and logistics.

They will help accelerate the establishment of cross-border industrial chain, value chain and supply chain between Guangxi's pilot FTZ and the Association of Southeast Asian Nations (ASEAN).

Among these projects, six foreign-funded investment deals have a total contractual investment of $920 million.

By the end of June, 37,000 enterprises had been set up in Guangxi's Pilot FTZ, 10 times the number before the zone was established, official data showed.