Page 132 - AmCham South China 2026 Special Report on the State of Business in South China

Guangxi

The economy Market highlights

Zhuang Autonomous Region As an important coastal hinterland linking the
Guangxi is located in southwest GBA and ASEAN region, Guangxi is a window for
China, facing Vietnam across the Beibu Gulf. The opening up and has favorable conditions to build
region is not only part of Southern China¡¯s economic bridges among various regions. During the 14th
development but serves as a gateway to ASEAN FYP, it has actively fulfilled its responsibilities in
countries and plays a key role in the Western Region stabilizing foreign trade and investment. From
Development Program. Guangxi covers an area of 2021 to early 2025, foreign trade volume rapidly
2
238,600 km and had a population of 50.1 million in climbed past RMB7 trillion (US$969 million), with
91
2024 . The Zhuang people, China¡¯s largest ethnic an average annual growth of 11.7% . Cross-border
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minority group, accounts for about 31.4% of the e-commerce imports and exports increased from
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population . During the 14th FYP period, Guangxi¡¯s about RMB3 billion in 2020 to more than RMB55
economy demonstrated strong resilience despite billion in 2024, accounting from only 0.7% of the
headwinds. In 2024, the province¡¯s GDP grew 4.2% total trade to more than 7% .
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YoY to RMB2.9 trillion. It completed major project
investments totaling RMB87.97 billion (US$12.08 With the implementation of the ¡°10+5+4¡± modern
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billion) for the New International Land-Sea Trade industrial system , Guangxi has accelerated
Corridor , expanding cargo sources and driving rapid transformation of traditional industries, while
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logistics growth. The Beibu Gulf Economic Zone ? developing emerging and future industries
which includes Nanning, Beihai, Fangchenggang and simultaneously. In 2024, the added value of strategic
Qinzhou ? recorded 4.2% YoY growth, with exports emerging industries accounted for 23% of the total
of NEVs, lithium batteries and photovoltaic products industries above designated size, an increase of 8%
through Beibu Gulf Port surging by approximately over 2020. With the construction of a new energy
160%, 67% and 900% , respectively. The Xijiang vehicle industry cluster for ASEAN and the Belt and
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Economic Belt ? covering Liuzhou, Guilin, Wuzhou, Road countries, Guangxi¡¯s NEVs¡¯ output reached
Guigang, Yulin, Hezhou and Laibin ? grew 3.8% YoY 765,000 units in 2024, with the cumulative sales of
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during the same period . In H1 2025, Guangxi¡¯s NEVs exceeding 2.4 million units. Its market share
GDP maintained robust growth of 5.5% YoY, driven of micro-cargo, micro-passenger and small NEVs all
primarily by the high-end manufacturing sector. 96 ranks first in the country and new energy battery
materials have also entered the first-tier provinces.

Furthermore, Guangxi has basically formed a
comprehensive industrial chain covering intelligent
91 Statistics Bureau of Guangxi, http://tjj.gxzf.gov.cn/tjsj/ terminals, components and parts and AI software.
92 Statistics Bureau of Guangxi, http://tjj.gxzf.gov.cn/ In H1 2025, the output of industrial AI exceeded
tjsj/tjgb/rkpc/t8851502.shtml
93 GXFTZ, http://qzftz.gxzf.gov.cn/zwdt/mtbd/ RMB39 billion and the revenue of AI software surged
t19616253.shtml
94 GXFTZ, http://en.gxftz.gxzf.gov.cn/2025- 97 GXFTZ, http://en.gxftz.gxzf.gov.cn/2025-
02/20/c_877199.htm 05/21/c_877269.htm
95 Statistics Bureau of Guangxi, http://tjj.gxzf.gov.cn/ 98 Government site of Guangxi, http://wsb.gxzf.gov.
tjsj/tjgb/qqgb/t19769919.shtml cn/yhjw_48207/gxydm_48209/t26167627.shtml
96 Statistics Bureau of Guangxi, https://czt.gxzf.gov. 99 Government site of Guangxi, http://gxt.gxzf.gov.cn/
cn/xwdt/gxyw/t22953623.shtml wzsy/zwdt/gxdt/t25913818.shtml

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