| Liuzhou,
Guangxi: As one of the major auto parts manufacturing bases in the nation, the
Yanghe Industrial Development Zone has set an ambitious production goal for the
years ahead.
After three years of development, the zone is expected to
witness a higher output value of 1.5 billion yuan (US$187.5 million) this year,
an increase of 150 % over the previous year, sources with the zone's administrative
authority said.
Enhanced infrastructure development and ever-increasing
foreign investment have led to rapid growth of the zone's output value, officials
with the area's administrative authority said.
In 2005, the zone realized
an incremental gross domestic product (GDP) of 406 million yuan (US$50.75 million),
up 35 % from the previous year.
In addition, it achieved an output value
of about 495 million yuan (US$61.87 million) last year, an increase of 94 % from
the previous year, according to official statistics.
Meanwhile, the added
industrial output value in the area stood at 135 million yuan (US$16.9 million)
last year, up 97 % from 2003.
The ambitious goal was set based on the
growing momentum of output value in the first eight months of this year, officials
with the administrative authority said.
In this year's first eight months,
the area witnessed an industrial output value of 988 million yuan (US$123.5 million),
an increase of 230 % over the same period of last year, official statistics indicate.
The added industrial output value also grew by 24 1 % in the first eight
months of this year to reach 276 million yuan (US$34.5 million).
With
the rapid growth, the Yanghe Industrial Development Zone has become one of the
most important engines for economic and trade development of Liuzhou, a traditional
industrial city in South China's Guangxi Zhuang Autonomous Region.
One
of the five key auto production cities in the nation, Liuzhou now boasts three
big auto parts manufacturing and processing bases.
The three bases are
invested by three big domestic auto companies, including the FAW Group Corporation,
the Dongfeng Automotive Group Corporation and the Shanghai Automotive Industrial
Group Corporation.
Meanwhile, a number of big foreign auto producers,
including the General Motors Group, the France-based Renault and Japan-based Nissan,
have all set up their auto parts producing centres in Liuzhou.
As the
largest auto parts producing base in Liuzhou, Yanghe Industrial Development Zone
is also very close to the production facilities.
Besides sales in the
Chinese market, a large proportion of products manufactured in the zone are being
exported to ASEAN (Association of Southeast Asian Naitons) countries, which share
land and sea borders with the Guangxi Zhuang Autonomous Region, sources with the
zone's administrative committee said.
As Liuzhou is the major industrial
city closest to ASEAN countries, overseas and domestic enterprises looking to
invest in the city are being advised to invest in transport pro jects through
the Yanghe Industrial Development Zone.
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