An industry shift from the Yangtze and Pearl river deltas has brought an enormous development opportunity to Beihai, a coastal city in the Guangxi Zhuang autonomous region.
Beihai lured 35 projects from the eastern region in the first half this year, with total investment of RMB17.667 billion ($2.59 billion). Actual capital used in that period was RMB2.61 billion.
The Pan-Beibu Gulf Sub-regional Economic Region was launched in 2006.
With a population of 12.55 million and a land area of 42,500 sq km, the Guangxi Beibu Gulf Economy Area is the biggest multi-regional cooperation area in the country, covering the administrative areas of four major cities — Nanning, capital of Guangxi, Beihai, Qinzhou and Fangchenggang — which together are known as “NanBeiQinFang”.
The area’s development plan is already bringing industry and investment to NanBeiQinFang with Beihai leading the way.