Cross-border trade thrives in Pingxiang area, Guangxi FTZ

Guangxi Zhuang autonomous region is advancing the construction of various open-type parks, building cross-regional, cross-border industrial and supply chains facing ASEAN, and enhancing the quality of trade and investment cooperation.

Guilin Bank has actively supported the China-ASEAN industrial cooperation zone, focusing on park construction, cross-border industrial chain development, and investment attraction. It has provided over 35 billion yuan ($4.83 billion) in loans, supporting over 700 enterprises in various fields.

"China (Guangxi) Pilot Free Trade Zone's policies on grain clearance, trade facilitation, and financial innovation provide production convenience and vast development space for enterprises," said Su Xiongfei, general manager of Guangxi Pingxiang Guijin Technology Development. Flexible and affordable credit support and cross-border payment services from Guilin Bank have significantly aided the company's growth.

In addition, the company's cross-border business is expanding, focusing on ASEAN countries' starch and cassava products and domestic light industrial products. It aims to double its output value to 300,000 metric tons this year.

Officials from the Department of Commerce of Guangxi Zhuang Autonomous Region noted that Guangxi is set to utilize further the platform role of regional parks and the China-ASEAN industrial cooperation zone to promote innovation and integration for mutual benefit.