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Guangxi: Market Profile

Major Economic Indicators

Economic Indicators20152016
(%, y-o-y)
(%, y-o-y
Gross Domestic Product (RMB bn)1,680.38.1 11,824.57.3 1
Per Capita GDP (RMB)35,1907.2 1
Added Value Output
Primary industry (RMB bn)256.53.9 1279.93.4 1
Secondary industry (RMB bn)771.88.2 1821.97.4 1
Tertiary industry (RMB bn)652.09.6 1722.78.6 1
Value Added Industrial Output Growth 2  —7.9 1 —7.5 1
Fixed-assets Investment (RMB bn)1,565.517.81,765.312.8
Retail Sales (RMB bn)634.810.0702.710.7
Inflation (Consumer Price Index, %)
1.5 —1.6
Exports (US$ mn)28,02615.222,957-17.8
By FIEs (US$ mn)4,4291.34,294-3.1
Imports (US$ mn)23,23643.224,8717.4
By FIEs (US$ mn)5,914-5.15,439-8.0
Utilised foreign Direct Investments (US$ mn)1,72272.0889-48.4

In Renminbi real terms
For all state-owned and other forms of enterprises with annual sales over RMB20 million.
Sources: Guangxi Statistical Yearbook 2016, Guangxi Statistical Bureau, China’s Customs Statistics 12.2015, 12.2016

General Background

Guangxi Zhuang Autonomous Region - abbreviated as Gui (桂) - is situated on the coast of the Beibu Gulf (北部灣). It assumes an important role in the Western Region Development Program, especially as a hub of sea transportation. Guangxi’s permanent population stood at 47.96 million in 2015. Ethnic minorities account for about 38% of Guangxi’s total population.

Guangxi is rich in natural resources. Among the 97 kinds of proved mineral reserves found in the Region, the deposits of tin, manganese, antimony and lime are the largest in China. Besides, Guangxi is also rich in timber and forestry resources.

Guangxi produces a large number of cash crops, including sugarcane, palm-oil seeds, bananas, pineapple and rosin. Among them, output of sugarcane is the largest in the country.


The primary sector accounted for about 15.3% of the GDP in 2015. While the coast of the Beibu Gulf is a leading fishery and fish farming area, sugarcane plantation is also an important industry in Guangxi.

Composition of GDP (%)


Source: Guangxi Statistical Yearbook 2016

A marked share of Guangxi’s industrial production is related to the region’s rich mineral deposits and agri- and aqua-cultural outputs, such as sugarcane and food processing, nonferrous metal, etc. Machinery industry is another major sector including automobiles, heavy mining machinery, electrical & electronics, instruments & apparatus, standard parts and component. Given its coastal location, the Region has also developed a strong chemical and oil refinery sector in recent years.

Output Share of Leading Industry Groups 2015

 % share of total
industrial output value
Smelting and pressing of ferrous metal10.8
Automobile manufacturing10.8
Farm & sideline products processing10.4
Production of nonmetal mineral products7.5
Computers, communication and other electronic equipment5.7
Smelting and pressing of non-ferrous metal5.6
Production & supply of electric power, steam & hot water5.5
Raw chemical materials & chemical products5.3
Processing of timber, bamboo, cane, palm fibre products4.6
Oil processing, coking & nuclear fuel processing3.0

Source: Guangxi Statistical Yearbook 2016

For services industry, the wholesale/retail trade sector and hotel/catering services accounted for 23.1% of the added value of all the tertiary sectors in 2015 while transportation, storage & postal services accounted for 12.3%. Guangxi is determined to capitalise on its geographic advantage to develop into a trade and logistic centre especially serving the China-ASEAN Free Trade Area (CAFTA).


The beautiful landscapes and colorful ethnic culture make Guangxi one of China's well-known tourist spots. There are more than 3 state-level scenic spots and 7 state-level historical & cultural protection units in Guangxi. Among which, the "Lijiang Scenes" in Guilin (桂林漓江風光) and the Beihai Silver Beach (北海銀灘) are the most famous attractions.

In 2015, Guangxi received 4.5 million (+6.9%) overseas tourists with foreign exchange income of US$1,917 million (+10.9%). In the meantime, domestic tourists grew by 17.8% to 337 million, generating revenue of RMB313.6 billion (+25.7%).

Foreign Trade

Major exports of Guangxi included mechanical & electrical products, garments and clothing, rolled steel, porcelain and pottery wares, rolled steel and spin yarn, fabrics & the products. Vietnam was the leading export market in 2015, accounting for 64% of Guangxi’s total exports. Hong Kong was the second largest export market in 2015 after Vietnam. Guangxi’s export to Hong Kong reached US$3.65 billion in 2015 (+41.4%).

Major import goods included mechanical & electrical products, soybean, iron ores and coal. In 2015, imports mainly came from Vietnam, Thailand, Taiwan and the US.

The China-ASEAN Expo is a major annual event and Guangxi is aiming to leverage on its geographic location in bridging trade and investment flows between China and ASEAN under the CAFTA framework. Guangxi’s total trade with ASEAN grew by 46% in 2014 to reach US$29 billion. Border trade accounted for 59% of the trade with ASEAN in 2015.

Foreign Investment

Picture: Utilised FDI of Guangxi (US$ million)
Picture: Utilised FDI of Guangxi (US$ million)

In 2015, FDI mainly involved in the industrial sector, accounting for 35.7% of the total FDI. Hong Kong was the largest source of foreign investment in Guangxi. In 2015, utilised foreign capital from Hong Kong amounted to US$544 million, accounting for 31.6% of Guangxi’s total FDI. Other major sources of investment included Singapore and British Virgin Island in 2015.

Consumer Market

Major consumer centres are located at Nanning, Liuzhou and Guilin, which accounted for 28%, 14.9% and 11.8% of the region's total retail sales respectively in 2015. In 2015, annual per capita disposal income of urban households reached RMB26,416 (+7.1%).

Composition of Per Capita Consumption of Urban Household (%)

Household articles5.75.8
Medicine & medical services6.35.3
Transportation & communications9.813.8
Recreation, cultural & education13.911.3

Source: Guangxi Statistical Yearbook 2016

The retail landscape is also changing. Besides traditional department stores, various forms of operations such as chain stores, supermarkets and hypermarkets and convenience stores are gaining popularity in Guangxi, both from domestic and foreign investors. Major department stores and shopping centres in Guangxi include Nanning Department Store (南寧市百貨大樓), Guilin Department Store Shareholding Corp. Ltd. (桂林百貨大樓股份有限公司), and Liuzhou Industrial & Commerce Building Shareholding Corp. Ltd. (柳州工貿大廈股份有限公司). Investors from outside Guangxi include Beijing Hualin, Walmart and Wangfujing Department Store.

Economic Indicators of Major Cities (2015)

(RMB bn)
Per capita GDP
Gross Industrial Output* (RMB bn)Retail Sales
(RMB bn)
(US$ mn)
Nanning 南寧
Liuzhou 柳州
Guilin 桂林
Yulin 玉林
Wuzhou 梧州
Qinzhou 欽州

* For all state-owned and other forms with annual sales over RMB20 million
Source: Guangxi Statistical Yearbook 2016



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