Guangxi Special

Marked achievements under the 11th Five-Year Plan

By Huang Zhaohua (China Daily)
Updated: 2011-06-17 07:38
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Nanning has been cashing in on its geographical position to better integrate all aspects of its development and has had some positive results.

During the 11th Five-Year Plan (2006-2010), it had an average annual GDP increase of 15.5 percent.

At the end of 2010, its GDP was 180.43 billion yuan ($27.85 billion), or 2.5 times the 2005 figure, and accounting for 18.95 percent of the Guangxi region's total.

Nanning had investment worth 422.8 billion yuan in the past five years, or 3.9 times the figure under the 10th Five-Year Plan (2001-2005)

During that same five-year period, city revenues exceeded 30 billion yuan, or three times the 2005 figure, with an average annual increase of 24.59 percent.

Last year, the city's gross industrial output was 150 billion yuan.

Foreign investment for 2010 reached $320 million, with average annual growth above 29 percent over the past five years.

Under the 11th Five-Year Plan, Nanning's growth in the machinery, biomedical product, petrochemical, electric information, construction materials, papermaking and farm product industries was healthy.

Logistics, commerce and finance are also on a rapid path. A bonded logistics center in Nanning opened at the end of 2009, and 48 financial institutions have offices in the city.

(China Daily 06/17/2011 page12)