Everyone says Beibu Gulf is good?
How is the development going now?
Beibu Gulf is a geographical location, east of northern Vietnam and west of my country's Hainan Island. It has attracted much attention because it is rich in oil and gas resources. It is not a city. The Beibu Gulf (Guangxi) Economic Zone consists of Nanning, Beihai, Qinzhou, Fangchenggang, Yulin, and Chongzuo. It is composed of cities and has about 1,600 kilometers of coastline at the top of the Beibu Gulf. It is the only economic sector between China and ASEAN that has both land borders and sea lanes.
The land area is more than 40,000 square kilometers.
The following source quotes information from the Beibu Gulf Exhibition website (www.chbos.com) (for reference): Eleven reasons to participate in the Beibu Gulf Logistics Exhibition: 1. No trade barriers, zero tariffs: With the China-ASEAN Free Trade Area
has been fully completed, 90% of products have begun to achieve zero tariffs, and the import and export volume between China and ASEAN countries has begun to show a 500% growth.
2. Development prospects: The China-ASEAN Free Trade Area will become a huge market with 1.9 billion consumers and a total trade volume of US$4.5 trillion, becoming the third largest free trade area in the world after North America and the European Union.
3. National strategy: With the acceleration of the pan-Northern cooperation process, the opening and development of Guangxi Beibu Gulf Economic Zone has been elevated to a national strategy and accelerated.
Taking advantage of the industrial transfer in the east, the Beibu Gulf Economic Zone has become the most dynamic and development potential region in my country.
4. Cooperation Fund: In order to speed up the process of ASEAN integration and regional cooperation, the Chinese government has established a US$10 billion "China-ASEAN Investment Cooperation Fund" and a US$15 billion credit fund for infrastructure and port logistics on both sides.
Major investment and cooperation projects in the field.
5. Investment scale: Accelerating the development of infrastructure and port logistics industries has become Guangxi’s top priority in promoting regional cooperation.
Guangxi will complete transportation fixed asset investment of 62 billion yuan in 2010. It is expected that by 2020, the Beibu Gulf Economic Zone will form an infrastructure investment scale of about 2.5 trillion yuan.
6. Development opportunities: The state has successively approved the establishment of four major bonded zones in the Beibu Gulf Economic Zone: 1. Qinzhou Bonded Port Area, 2. Pingxiang Comprehensive Bonded Zone, 3. Nanning Bonded Logistics Center, 4. Beihai Export Processing Zone Bonded Logistics Park
.
At present, the four major bonded zones have become the four major engines of economic development in the Beibu Gulf.
The port and logistics industry is facing a golden development opportunity!
7. Charming Green City: United Nations Habitat Award City, China Green City, Guangxi Beibu Gulf Economic Zone Core City, the hometown of folk songs all over the world - beautiful Nanning welcomes you!
8. Joint exhibition: The exhibition is hosted by the Guangxi Mechanical Engineering Society, supported by the Vietnam Machinery Federation, Guangxi Science and Technology Association, Nanning Municipal Government and other institutions, and is supported by two well-known exhibition units, Nanning Kailubo Exhibition Company and Qingdao Bosch Exhibition Company.
Strong alliance *** co-hosted.
9. High visibility: The successful holding of the last GICE exhibition created a good reputation and social atmosphere. It has now become the largest professional machinery industry exhibition in the Pan-Northern region.
10. An online exhibition that never ends: Free advertising links for exhibitors on the exhibition website, and continue online promotion for one year.