Guangxi issues 20 measures to support stable economic growth in the second half of the year.

date
13/09/2025
Recently, the 97th executive meeting of the 14th Autonomous Region People's Government approved a package of measures to support economic stability and growth in the second half of the year. Around the themes of exploring investment potential, boosting consumer market, stabilizing foreign trade and investment, ensuring social employment stability, and developing new production forces, 20 specific measures were introduced to provide solid financial support for promoting the region's economy towards stability and improvement. Expanding investment to build a solid foundation for economic growth. Focusing on key aspects such as county-specific industries, major project construction, and the effective use of national debt funds, coordinating financial resources to accelerate the implementation of various effective investments, with a focus on supporting the development of county-specific industries, early work of major projects, and general bond project construction. Leveraging the guiding role of government investment to inject strong momentum into the continuous economic recovery. Promoting consumption to stimulate "new vitality" in the domestic market. In terms of revitalizing the consumer market, the region will coordinate financial resources to support activities such as trading in old items for new ones, large-scale equipment updates, vehicle subsidies, and issuance of consumer vouchers. This will help revive consumption in key areas such as automotive, home furnishings, dining, and accommodation. Innovative measures such as integrating consumption with entertainment, events, and tourism will drive the transformation from traffic flow to retention, activating new consumption scenarios and formats. Stabilizing foreign trade to create a "new highland" for opening-up. Arranging financial resources to support the improvement of border trade export capabilities, assisting key foreign trade companies in expanding overseas markets, cultivating new foreign trade formats such as cross-border e-commerce, promoting the upgrading of foreign capital utilization levels, and promoting the stability and improvement of foreign trade quality. Striving for a significant increase in foreign trade import and export in the second half of the year, continued expansion of actual foreign investment utilization, and building a solid foundation for an open economy.