, the capital and economic center of Guangxi Important crops in Guangxi include
rice,
maize and
sweet potatoes. Cash crops include
sugar cane,
peanuts,
tobacco, and
kenaf. 85 percent of the world's
star anise is grown in Guangxi. It is a major ingredient in the antiviral
oseltamivir. Guangxi is one of China's key production centers for nonferrous metals. The region holds approximately 1/3 of all
tin and
manganese deposits in China. Liuzhou is the main industrial center and a major motor vehicle manufacturing center.
General Motors have a manufacturing base here in a joint venture as
SAIC-GM-Wuling Automobile. The city also has a large steel factory and several related industries. The local government of Guangxi hopes to expand the region's manufacturing sector, and during the drafting of China's Five Year Plan in 2011, earmarked 2.6 trillion RMB for investment in the region's Beibu Gulf Economic Zone(See Below). Due to its lack of a major manufacturing industry in comparison to other provincial-level regions, Guangxi is the fourth most energy efficient provincial-level region in China, helping to further boost its green image. As the only coastal region in China with close proximity to
Southeast Asia, Guangxi holds a strategic position in China's trade with the
Association of Southeast Asian Nations (ASEAN).
Economic and technological development zones • Beihai Silver Beach National Tourist Holiday Resort • Beihai Export Processing Zone Approved by the State Council, Beihai Export Processing Zone (BHEPZ) was established in March 2003. Total planned area is . The first phase of the developed area is . It was verified and accepted by the Customs General Administration and eight ministries of the state, on 26 December 2003. It is the Export Processing Zone nearest to ASEAN in China and also the only one bordering the sea in western China. It is situated next to Beihai Port. • Dongxing Border Economic Cooperation Area • Guilin National New & Hi-Tech Industrial Development Zone Guilin Hi-Tech Industrial Development Zone was established in May 1988. In 1991, it was approved as a national-level industrial zone. It has an area of . Encouraged industries include electronic information, biomedical, new materials, and environmental protection. • Nanning Economic & Technological Development Area Established in 1992, Nanning Economic and Technological Development Zone was approved to be a national-level zone in May 2001. Its total planned area of . It is located in the south of Nanning. It has become the new developing zone with fine chemical engineering, auto parts, aluminum processing, biological medicine and other industries. • Nanning National Hi-Tech Industrial Development Zone Nanning Hi-Tech Industrial Development Zone was established in 1988 and was approved as a national-level industrial zone in 1992. The zone has a planned area of , and it encourages industries that do electronic information, bioengineering and pharmaceutical, mechanical and electrical integration, and the new materials industry. • Pingxiang Border Economic Cooperation Zone In 1992, Pinxiang Border Economic Cooperation Zone was established. It has a total area of . It focuses on the development of hardware mechanical and electrical products, daily-use chemical processing, services, and the international logistics-based storage and information industry. • Yongning Economic Development Zone
Investment Seventy-one Taiwanese ventures started up in Guangxi in 2007, with contracts bringing up to US$149 million of investment, while gross exports surpassed US$1 billion. There are a total of 1182 Taiwan ventures in Guangxi, and by the end of 2006, they have brought a total of US$4.27 billion of investment into the autonomous region. During the first half of 2007, 43 projects worthy of RMB2.6 billion (US$342 million) have already been contracted between Guangxi and Taiwan investors. Cooperation between Guangxi and Taiwan companies mainly relates to manufacturing, high-tech electronic industries, agriculture, energy resources, and tourism.
Power Guangxi Power Grid invested 180 million yuan in 2007 in projects to bring power to areas that still lacked access to
electricity. The areas affected include
Nanning,
Hechi,
Bose and
Guigang. Around 125,000 people have gained access to electricity. The money has been used to build or alter 738 10-kilovolt distribution units with a total length of wire reaching 1,831.8 kilometers. Due to a lack of investment in construction in the
power grid net in rural areas, more than 400 villages in Guangxi Province were not included in the projects. Around 500,000 cannot participate in the policy known as "The Same Grid, the Same Price". Guangxi Power Grid will invest 4.6 billion yuan in improving the power grid during the 11th Five Year Plan. Guangxi Power Grid invested 2.5 billion yuan in building an electric power system in the first half of 2007. Of the total investment, 2.3 billion yuan has been put into the project of the main power grid. So far, four new transformer substations in Guangxi are in various stages of completion. Wenfu substation went into operation in the city of Hechi in January 2007, and since then it has become a major hub of the electrical power system of the surrounding three counties. When the Cangwu substation was completed, it doubled the local transformer capacity. In June 2007, the new substation in Chongzuo passed its operation tests. And in the same month, Qiulong commenced production too. This shall support the power supply system of
Qiulong City, as well as the northern part of the Guangxi region, and facilitate the nationwide project to transmit power from west to east.
Beibu Gulf Economic Zone In late February 2008, the central government approved China's first international and regional economic cooperation zone in Guangxi. The construction of the
Beibu Gulf Economic Zone began in 2006. With the approval, the Beibu Gulf Economic Zone will be formally incorporated into national development strategies. The Beibu Gulf Economic Zone covers six coastal cities along the
Beibu Gulf. It integrates the cities of
Nanning, the region's capital,
Beihai,
Qinzhou,
Fangchenggang,
Chongzuo and
Yulin. The state will adopt policies and measures to support mechanism innovation, rational industry layout, and infrastructure construction in the Beibu Gulf Economic Zone. Guangxi has pledged a 100 billion yuan (US$14 billion) investment over the next five years for building and repairing railways to form a network hub in the area. Beibu Gulf Zone will serve as the
logistics base, business base, processing and manufacturing base, and information exchange center for China-
ASEAN cooperation. Beibu Gulf Zone promises broad prospects for further development and its growth potential is rapidly released. But the shortage of talent and professionals in
petrochemicals,
iron and
steel,
electricity,
finance,
tourism,
port planning, logistics and
marine industries are bottlenecks. The regional government is also working on speeding up key cooperation projects including
transportation, the marine industry, agriculture, forestry, fisheries, energy development, cross-border tourism, and environmental protection. Beibu Gulf has already attracted several major projects such as Qinzhou
oil refinery projects and
Stora Enso, a
Fortune 500 forest products company based in
Finland. In January 2008 trade import and export in the Beibu Gulf zone exceeded US$1.3 billion, a record high.
Bauxite reserves In September 2007, China's
Ministry of Commerce said that it has found 120 million tons of new
bauxite reserves in Guangxi. The ministry said that the new reserves, which are located in
Chongzhou in the southern region of
Youjiang, have very high-quality bauxite, a raw material for making
aluminum. Currently, the proven reserves of bauxite in Guangxi are about 1 billion tons, making the province one of the country's biggest bauxite sources. ==Transport==