
The Development and Reform Commission of Guangxi Zhuang Autonomous Region introduced the results of facilitation improvements in six major areas including investment, trade, and logistics this year.
AI-generated summary
Guangxi is committed to building a convenient place for domestic and international dual circulation market operations to connect with high-standard international economic and trade rules such as RCEP.
China News Service, Nanning, October 29 (Huang Yanmei, Yang Caihong) Li Wengang, deputy director of the Development and Reform Commission of the Guangxi Zhuang Autonomous Region, introduced on the 29th that Guangxi is actively promoting the construction of a market-oriented, legalized and international business environment, constantly polishing the "Business Guangxi·Guangxi Convenience" service brand, continuing to improve investment, trade, consumption, capital flow, personnel exchanges, logistics smoothness and other facilitation levels, and accelerating the creation of a convenient place for domestic and international dual-circulation market operations.
The Information Office of the People's Government of the Guangxi Zhuang Autonomous Region held a press conference on the same day to introduce Guangxi's optimization of the business environment and the creation of a convenient place for domestic and international dual-circulation market operations.
Li Wengang introduced at the meeting that since this year, Guangxi has launched a demonstration and creation of a dual-circulation market operation convenience, fully aligned with high-standard international economic and trade rules such as the Regional Comprehensive Economic Partnership Agreement (RCEP), steadily expanded institutional opening, and further improved the level of facilitation in six major aspects: investment, trade, consumption, capital flow, personnel exchanges, and logistics flow.
In terms of investment, Guangxi has strengthened comprehensive life-cycle management services for major projects. In the first three quarters of this year, it coordinated and promoted 856 major projects in the autonomous region, with 87 newly started and 41 completed. Guangxi has promoted the "one specialist, two lists" service model for foreign-invested enterprises. In the first three quarters of this year, ASEAN countries established 96 new foreign-invested enterprises in Guangxi, a year-on-year increase of 12.9%.
In terms of trade, Guangxi has implemented special actions to facilitate cross-border trade and launched special pilot projects to facilitate cross-border trade. In the first three quarters of this year, there were 1.645 million vehicles entering and exiting the region's ports, a year-on-year increase of 1.4%.
In terms of capital flows, Guangxi has carried out in-depth the "Guihui Smooth Travel" special campaign to further improve foreign exchange facilitation and promote foreign exchange reforms to facilitate cross-border trade investment and financing. In the first three quarters of this year, the region handled US$17 billion in foreign exchange facilitation business for cross-border trade investment and financing, a year-on-year increase of 49.8%.
In terms of personnel exchanges, Guangxi has comprehensively deepened the "one window acceptance and parallel approval" working mechanism for foreigners coming to China to work and reside in China. The "one window" dedicated window for foreigners coming to China to work and reside in China has shortened the time limit for application for work-type residence permits from 15 working days to 7 working days. In the first three quarters of this year, the number of people entering and exiting the region's ports has exceeded 10 million.
In terms of logistics flow, Guangxi is jointly building a new land-sea corridor in the west at a high level. The Pinglu Canal, a century project, was completed and opened to navigation in September, and the construction of smart ports is accelerating. In the first three quarters of this year, the value of goods cleared at the region's ports was 1.34 trillion yuan, a year-on-year increase of 21%.
Li Wengang said that in the next step, Guangxi will strive to break down the institutional obstacles that affect the convenience of market operations, continue to promote the efficient aggregation, optimized allocation and convenient flow of various factor resources, and accelerate the creation of a domestic and international dual-circulation market operation convenience that integrates the world and connects the world.

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