Nanning Overseas Chinese Investment Zone, developing out of Wuming Overseas Chinese Farm, is a province-level development zone established in December 1990 with the approval and support of the People¡¯s Government of Guangxi Zhuang Autonomous Region. With a total area of 179 square kilometers (17,900 hectares) and population of 35,000, this zone, since 1960, has housed about 12,000 overseas Chinese coming back from 9 countries like Indonesia, Vietnam, etc. claiming the biggest melting-pot for overseas Chinese of Guangxi and having an extensive political impact in and out of China.
As a great support to China-ASEAN Expo, in November 2003, the People¡¯s Government of Guangxi approved the development of China-ASEAN Economic Park in Nanning Overseas Chinese Investment Zone, taking full advantage of the Investment Zone¡¯s human resources. Up till now, more than 70 enterprises have settled down in the Economic Park, forming an industrial structure with pharmacy, paper making, sugar refining, starch production, construction materials, clothing trade, foodstuff, feedstuff and so on. Besides, thanks to the establishment of China-ASEAN Free Trade Area, the Economic Park is now enjoying a dynamic growth.
The planned population for China-ASEAN Economic Park is 200,000 in 2010, and 500,000 in 2020.
The overall development of China-ASEAN Economic Park is targeted as setting up 3 key areas and creating 3 distinctive cities.
1. Comprehensive Industrial Area
This area is located to the west of Shuiren-Nanning Expressway and the inner Class I road runs through the area. With a planned area of 80 square kilometers, it becomes the largest industrial area in Guangxi. Based on the layout of existing industries and industry development orientation, the area has set up the following sectors according to different industries and functions: (1) Processing Industry Sector with Products Exporting to ASEAN, (2) Logistics and Storage Transfer Sector, (3) Industrial Free Trade Sector (Bonded Zone), (4) Research & Teaching Sector, (5) High-grade Paper Product Processing Sector, (6) Pharmaceutical Sector, (7) Machinery and Equipment Manufacturing Sector, (8) New and High-tech Industrial Sector, (9) Farming and Sideline Products (Foodstuff) Processing Sector. For the industries that are easily concentrated, some other areas with country or province oriented are also planned to set up, like Guangdong Industrial Area, Singapore Industrial Area, Indonesia Industrial Area, etc.
2. Modern Agriculture Demonstration Area
The planned area totals 30 square kilometers. Relying on the development of the project of clearing up ten-thousand-mu farmland, a modern agriculture industrialization base will be developed, mainly for producing green vegetables, famous high-quality fruits so that the agriculture industries will develop in the direction of deep processing industries with high added value. An agricultural scientific and technological demonstration park will also be set up. To provide advanced technological guidance and high-quality services for agricultural industrialization, close relations and cooperation will be established with scientific research institutions in China and countries of ASEAN which major in agriculture, gardening, flowers and cultivation.
3. Traveling and Sight-seeing Area
Centered in the pretty and unique Nayou Scenic Area, whose 3000-mu forest reserve, 2000-mu hills and 1000-mu water are under development, an area of 20 square kilometers will be allocated to develop a traveling and sight-seeing area, with focus on the projects of building Nayou Scenic Area, Southeast Asian Customs Garden, Golf Course, Horse-training Course, World Youth Camp, Special Animal Breeding Garden, Ethnic Minority Village, Miniature Landscape Garden, and Tourist Agriculture, etc.
China-ASEAN Economic Park encourages investment in the following key industries:
- Aluminum and other nonferrous metal processing,
- Machinery manufacturing,
- High-grade paper products,
- Pharmacey and bioengineering,
- Electronic and information technology,
- Farm (and sideline) product processing,
- Foodstuff processing,
- Tourism,
- Logistics and storage.
Modes of Investment in Setting up Factories:
- Remising land to investors for setting up factories,
- Renting land to investors for setting up factories,
- Developing by entrepreneurs co-funded by other investors and Overseas Chinese Investment Zone,
- Setting up factories by investors and Overseas Chinese Investment Zone, who utilizes land use rights as investment,
- Overseas Chinese Investment Zone renting standard factory building to investors,
- Leasing land to investors to develop agriculture.
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