Guangxi Zhuang autonomous region released an implementation plan on Aug 31 for establishing a one-stop service platform for foreign-invested companies in Guangxi, aiming to improve the facilitation of foreign investment, as well as create a fair, stable, efficient, and convenient investment environment.
The plan noted that special officers will be arranged to offer one-to-one services for key foreign-invested companies in the region, while two lists for assessing the progress of foreign-invested projects and addressing problems from foreign-invested companies will be set up.
Foreign-invested companies will be able to enjoy priority in areas like land usage, transportation, communication, and electricity consumption, as well as gain support when dealing with affairs spanning foreign exchange management and customs clearance facilitation.
Guangxi will provide information services and establish matchmaking platforms to support the development of foreign-invested companies.
Serving as a hub and window for opening-up and cooperation between China and ASEAN, Guangxi achieved an overall foreign investment in actual use of $675 million, with a year-on-year increase of 17.4 percent in the first seven months of 2020, ranking in the forefront in China in terms of growth rate.
Guangxi has set up 194 foreign-invested companies from January to July, with a contractual foreign investment of $2.68 billion, increasing by 56.4 percent year-on-year.