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Guangxi achieves fastest export growth due to FTA plan
By Rong Xiandong, Huo Yan and Huang Feifei in Nanning (chinadaily.com.cn)
Updated: 2010-01-27 15:40
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In 2009, the economic zone experienced 15.9 percent growth in gross output, making it one of the fastest growing regions in China, according to the government work report.
The China-ASEAN FTA , expected to be the third-largest free trade zone in the world in terms of total trade volume, was inaugurated on the first day of 2010.
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 An ethnic minority group delegate listens to the government work report delivered by Ma Biao, chairman of the Guangxi Zhuang autonomous region, during the opening of the 3rd session of the 11th People's Congress of the region in Nanning, capital city of Guangxi on Jan 27. [Photo by Huo Yan/chinadaily.com.cn] |
It has the largest population among all FTA in the world and is also the largest among developing countries.
Guangxi, one of China's five autonomous regions and a region hosting the largest population of ethnic minority groups in the country, expects to realize 12 percent economic growth in 2010, helped by its planned investment of 800 billion yuan, Ma said.
"Guangxi will focus on boosting the development of fourteen 100-billion-yuan industries including autos, petrol-chemicals, electronic information, pharmaceuticals and ship building, while developing four new industries: new materials, new energy, environmental protection and the sea industry," the Guangxi chairman said.
