The 2024 China Industrial transfer and Development docking activity (Guangxi), jointly sponsored by the Ministry of Industry and Information Technology and the people's Government of Guangxi Zhuang Autonomous region, officially opened in Nanning yesterday. So far, 12 national-level industrial docking activities have been held in many regions across the country, and many major projects have been signed. The event held in Nanning attracted more than 300 projects to be settled in Guangxi, with a total investment of more than 300 billion yuan.

With the theme of "creating a convenient place for market operation and jointly creating a new future of industrial cooperation",      held four industry docking meetings focusing on advanced equipment manufacturing, new materials, electronic information and light industrial textiles, and carried out a series of investment inspection activities. A total of more than 1400 representatives from the government, industry and commercial and financial fields participated in the docking negotiations.

Wang Yongchao, secretary of the party group and director of the Guangxi Zhuang Autonomous region Department of Industry and Information Technology of     , said that a total of 360 projects in equipment manufacturing, new materials, and electronic information were signed, with a planned investment of 374.1 billion yuan, and new breakthroughs were made in the quantity, scale and quality of the projects.

It is understood that 80 projects have been contracted to invest more than 1 billion yuan in this event, with a total investment of 307.5 billion yuan, accounting for 82 percent of the total contracted project investment. There are 235 strong chain projects in key industries such as new energy and petrochemical industries, with a total investment of 250 billion yuan, accounting for 67% of the total contracted project investment. Since 2023, the Ministry of Industry and Information Technology and the local governments of Henan, Inner Mongolia, Yunnan and Sichuan have jointly held a number of industrial transfer and development docking activities, which have achieved remarkable results in promoting the development of industrial transfer, and the scale of industrial transfer has continued to expand.

Jin Zhuanglong, secretary of the party group and minister of the      Ministry of Industry and Information Technology, said that we will promote the gradient transfer of industries in the eastern, central and western regions, enhance the carrying capacity, speed up the construction of a unified national market, promote the orderly flow of resource elements, and create a good ecology for development.

     Guangxi is the frontier and window of China's opening to ASEAN. The state supports Guangxi to build Guangdong-Hong Kong-Macau Greater Bay Area's important strategic hinterland and port industrial park along the border. The location and policy advantages of investment and trade have attracted more and more investment.

It is understood that in this industrial transfer and development docking activity, there are the largest number of projects from Shanghai, Guangdong, Hubei and other eastern and central regions, with an investment of 296.9 billion yuan, accounting for 79% of the total contracted project investment. Among them, the number of projects from the eastern region reached 254, which is the main source of industrial transfer. Followed by Guangdong-Hong Kong-Macau Greater Bay Area, a total of 124 cooperative projects were signed, accounting for 22% of the total investment. Experts point out that China's industrial transfer has changed from the previous acceptance of foreign industrial transfer in the eastern coastal areas to the stage of transfer from the eastern part of our country to the central and western regions. Industrial transfer can reduce the cost of enterprises, expand the market, and help to optimize the allocation of industry resources.

Li Guoping, director of the China Urban Management Research Center at      Peking University, said that the eastern part has the advantages of technology and capital, while the central and western regions have some advantages in terms of resources and population. Such a transfer process across regions is actually the comprehensive competitiveness of the whole country and the improvement of the whole country. Source: PetroChina and Chemical Industry