BAISE, China, Sept 27 (Bernama-AsiaNet — On September 11, the Promotion Conference & Signing Ceremony of Guangxi Baise Key Development and Opening Pilot Zone was held in Nanning, on which, a total of 47 projects were signed with a total investment of RMB 31.2 billion. It has been one year since the Baise Key Development and Opening Pilot Zone was approved (hereinafter referred to as Baise Pilot Zone). Throughout the first year, Baise Pilot Zone has embraced a wider opening-up and deepened the economic and trade cooperation, stepping into the forefront of friendly relations between China and ASEAN, and playing a vital part in the construction of “the Belt and Road”, according to the Publicity Department of Baise City.
The frontier trade grows at a good momentum, whilst the transformation and upgrade of the border trade achieve initial success. Currently, Baise Pilot Zone has promoted the establishment of three processing parks, 19 processing projects of imported goods via border trade, and 20 border trade cooperatives, which has greatly stimulated the endogenous development of border trade. In 2020, facing the adverse situation caused by the outbreak of COVID-19, the frontier trade in Baise bucked the trend and increased, realizing the total import and export volume of RMB 4.7 billion, with a year-on-year growth of 59.5%. From January to July this year, the city reached RMB 23.829 billion for the export and import trade, with a year-on-year growth of 124%, ranking first in Guangxi in terms of the growth rate.