Guangxi becomes magnet for private capital

South China's Guangxi Zhuang autonomous region inked 52 deals at a conference on Monday aimed at attracting private investment to fuel its high-quality development.

The agreements, signed in Nanning the regional capital, span sectors including new metal materials, green chemicals, food processing, biomedicine and new energy.

Manufacturing took center stage, with 40 projects representing 85.7 percent of the total investment. These included ventures in semiconductors and artificial intelligence, reflecting Guangxi's focus on fostering innovation-driven growth and a modernized industrial system.

Among the signed projects, an ecological aluminum project in Yulin city boasts an investment exceeding 10 billion yuan ($1.37 billion).

Besides the majority of these projects, 44 of them are joint efforts between Guangxi and major domestic key areas like the Guangdong-Hong Kong-Macao Greater Bay Area, the Yangtze River Delta, the Beijing-Tianjin-Hebei region and the Chengdu-Chongqing economic circle. This influx promises to bolster industrial cooperation between eastern and western China.

Moreover, the China-ASEAN Industrial Park, spanning seven cities in Guangxi, attracted 31 projects worth 80.9 percent of the total investment, demonstrating the effectiveness of policy incentives and growing private sector interest in the region's platform for international cooperation.