NANNING, China, Sept. 16, 2023 /PRNewswire/ — This is a report from the Guangxi Branch of China News Agency:
Entering the China-Malaysia Qinzhou Industrial Park located in Qinzhou City, Guangxi Zhuang Autonomous Region, China, you will find spacious roads, bustling traffic, towering cranes, roaring machinery, and a vibrant project construction scene that greets your eyes.
The China-Malaysia Qinzhou Industrial Park is the third international park jointly built by the Chinese government and foreign government. Since the start of construction in 2012, the China-Malaysia Qinzhou Industrial Park has developed in collaboration with the Malaysia-China Kuantan Industrial Park located in Kuantan, the capital of Pahang on the east coast of Malaysia, creating an innovative model of economic cooperation between the two countries under the “Two Countries, Twin Parks” model.
This is a vivid portrayal of the continuous deepening of economic and trade industrial cooperation between Guangxi and ASEAN countries. As the only province in China adjacent to ASEAN by land and sea, and a gateway for communication and cooperation between China and ASEAN countries, Guangxi leverages its geographical advantage of “connecting eleven countries in one bay and promoting positive interaction among the East, West, and East”, continuously deepening industrial cooperation with ASEAN countries and accelerating the construction of cross-border industrial chains and supply chains.
Chongzuo City in Guangxi is the city with the most border ports in China and also the most convenient “south gate” for China to access ASEAN. The city is accelerating the construction of cross-border industrial chains and supply chains facing ASEAN, innovatively collaborating with Vietnam to jointly build the first China-Vietnam “Two Countries, Twin Parks”, and opening up new avenues for mutual benefit and win-win industrial cooperation between China and Vietnam. Among them, the Chinese park has a planned total area of about 1200 mu and a planned total investment of RMB 7.5 billion, mainly for developing industries such as IT electronic information technology, intelligent voice interaction, computer terminals, and Internet of Things equipment, in which multiple enterprises have settled.
Nanning, the capital of Guangxi, is the provincial capital city closest to ASEAN in China and also a hub city for China-ASEAN cooperation. Nanning proposes to make good use of its geographical and open advantages to promote the complementarity of industrial chains with ASEAN countries, and in manner of high-quality planning, to promote the construction of China-ASEAN Cross-border Industrial Integration and Development Cooperation Zone. The city will focus on industries such as new energy, new energy vehicles, and electronic information, to achieve an interactive development to the west and south via the Nanning-Vietnam Economic Corridor, the Pinglu Canal Economic Belt, and the Guangxi Border Port Industrial Park, and strengthen cooperation to the east with Shanghai, Shenzhen, and other Yangtze River Delta and eastern Pearl River Delta regions, thus forming a “research and development at home + manufacturing in Nanning + assembling in ASEAN ” model.
China and ASEAN are important global production and manufacturing bases, and the strong growth of bilateral trade brings broader prospects for the deep integration of industrial chains, supply chains, and value chains within the region. Zhang Shaogang, Vice President of the China Council for the Promotion of International Trade, recently stated at the China-ASEAN Cross-border Supply Chain Innovation and Development Forum held in Nanning, that China’s economic and trade relations with ASEAN are deepening day by day, and ASEAN has become China’s largest trading partner for three consecutive years, forming an interdependent industrial cooperation landscape. Both sides have a solid foundation and an urgent need to build a stable and efficient China-ASEAN industrial chain and supply chain system.
Guangxi has officially stated that Guangxi will implement the strategy of upgrading the free trade pilot zone, vigorously develop the offshore economy, accelerate the construction of the Canal Economic Belt, strengthen the construction of open platforms such as the China-ASEAN Information Port and the Nanning Border Port Economic Demonstration Zone, promote the upgrading and development of the China-ASEAN Expo and the China-ASEAN Business and Investment Summit, and accelerate the construction of the China-ASEAN Cross-border Industrial Integration and Development Cooperation Zone. In addition, Guangxi will build a cluster area for high-quality implementation of the Regional Comprehensive Economic Partnership Agreement (RCEP) demonstration projects, and accelerate the construction of efficient cross-border industrial chains and supply chains with ASEAN countries.
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SOURCE Guangxi Branch of China News Agency
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