Packaging / Advertising & Office

Guangxi Council for the Promotion of International Trade introduced on the 8th that due to factors such as the domestic epidemic and changes in the international situation, Guangxi has set up a special class to serve foreign-funded enterprises in response to the difficulties faced by foreign-funded enterprises such as blocked industrial chains and supply chains and unstable expectations.

On the same day, the first meeting of the Guangxi special class for serving foreign-funded enterprises was held in Nanning. The special class is led by the Guangxi Council for the Promotion of International Trade, and the Guangxi Development and Reform Commission, the Department of Commerce, the Investment Promotion Bureau, and the Taiwan Affairs Office are the members of the special class.

According to reports, the special class will focus on smoothing the channels for foreign-funded enterprises in Guangxi to “get down” and “upgrade” quickly, and build a comprehensive platform for direct reporting of foreign-funded enterprises’ problems and appeals, so that government departments can respond to and solve specific problems of foreign-funded enterprises in a more targeted manner. , to create a good business environment and help foreign-funded enterprises to stabilize the stock and promote the increase.

Along the coast of Guangxi and adjacent to ASEAN, foreign-funded enterprises have made great contributions to the economic development of Guangxi. The local area has initially established a 100 billion-level papermaking and electronic information industry chain led by foreign-funded enterprises such as Stora Enso and Fugui Precision, which has played an active role in taxation, foreign trade stabilization, and employment protection.

Since the RCEP (Regional Comprehensive Economic Partnership) came into effect on January 1 this year, foreign investment in Guangxi has expanded. From January to March 2022, other RCEP member countries set up 14 new foreign-funded enterprises in Guangxi, a year-on-year increase of 133.3%; the contracted foreign capital was US$29.98 million, a year-on-year increase of 245.4%; the actual utilized foreign capital was 19.79 million US dollars, a year-on-year increase of 691.6%.

Indonesia's Sinar Mas Group, deployed in the Qinzhou Port Area of China (Guangxi) Pilot Free Trade Zone, has an annual output of 1.8 million tons of high-grade cardboard and an annual output of 750,000 tons of chemical-mechanical pulp expansion project. It announced the start of construction on May 30 this year to expand investment in Guangxi.