Title: Guangxi Yulin’s Economic Growth Stabilizes, Driven by Busy Production, Optimized Services, and Increased Investment
Author: Huang Qinggang
Date: July 10th
In the midst of the midsummer heat, the industrial park in Yulin City, Guangxi, is bustling with activity. Trucks are constantly coming and going, workers are busy unloading goods, and there is a sense of busyness in the air. Yulin, as a demonstration city of private economy in Guangxi, has been leveraging its advantages and optimizing its services to accelerate economic development.
One prominent example is Guangxi Nanfang Food and Nutrition Factory Co., Ltd., located in the urban area of Rong County. After upgrading its equipment and processes, the factory has successfully increased its production capacity to meet the growing demands of Nanfang Black Sesame Group. Known for its southern black sesame paste, the company has been continuously innovating its product offerings to cater to the market’s needs. The company currently manufactures over 300,000 boxes of nutritious food per month, generating employment for more than 700 workers. In the first half of this year, the company’s revenue surpassed that of the same period last year.
Yulin Jiadu Garment Group Co., Ltd., another key player in the region, has been experiencing significant growth. With a daily production capacity of around 7,000 pieces of branded clothing, the company has already scheduled orders until December and currently employs over 600 workers. General Manager Wang Bo stated that the company plans to open 50 production lines in the near future, significantly increasing their production capacity. Yulin’s favorable policies regarding factory rental and recruitment have prompted the establishment of six factories in the city, and the company expects its sales to exceed 250 million yuan this year.
The industrial park in Yulin City is buzzing with productivity. One of the companies thriving in this environment is Guangxi Ruijie Jinfu Technology Co., Ltd., which specializes in manufacturing auto parts for well-known brands such as BYD and GAC. The company’s total output value exceeded 26 million yuan in the first quarter of this year. Local government leaders played a crucial role in securing orders by visiting leading enterprises like BYD Auto. Companies across Yulin City, including Bobai, Luchuan, and Beiliu, are upgrading their production lines and working overtime to meet increasing demands.
Yulin’s strategic location as a crucial connecting point between the Guangdong-Hong Kong-Macao Greater Bay Area and the Beibu Gulf Economic Zone is an advantage for attracting investments. Taihongda Electronics Co., Ltd., located in Beiliu City, is a prime example. The company manufactures a variety of electronic equipment, with over 95% of its products being exported to Japan, Europe, and the United States. The company has received substantial support from the local government, including skill training programs organized by the Bureau of Human Resources and Social Security. The pending production order for the company exceeds 150 million yuan.
Qin Pei, director of the Yulin City Investment Promotion Bureau, emphasized the city’s commitment to attracting large and strong companies, optimizing the business environment and promoting economic development through high-quality investments. In the first half of this year, Yulin City secured 93.421 billion yuan in newly signed investment promotion projects, and 76 major investment promotion projects were initiated, with a total investment of 21.47 billion yuan. A total of 256 projects were attracted across the city’s 15 industrial chains.
With active promotion of investments, continuous service optimization, and a focus on increasing productivity, Yulin City is experiencing stable economic growth.