Over the past 60 years since the establishment of Guangxi Zhuang Autonomous Region, especially the past 40 years since the implementation of China’s Reform and Opening-up Policy, under the leadership of the CPC and its glorious ethnic policies, people of all ethnic groups in Nanning City have united and struggled for common prosperity and development, unswervingly promoted Reform and Opening-up Policy, firmly developed economy, and remained committed to building Nanning, thus making profound changes in the economy and society. At present, Nanning City transforms the spirit of General Secretary Xi Jinping’s important speeches during his inspection of Guangxi into a powerful driving force for its reform and development in accordance with three new missions about “Position” and five new requirements for “Consolidation”, forming the good and lively situation of great opening, large exploitation and big development of the whole city. In 1978 when China begun to implement the Reform and Opening-up Policy, the GDP of Nanning City was only 1.474 billion yuan with the fiscal revenue of 232 million yuan. However, in 2017 its regional GDP reached 411.883 billion yuan with the fiscal revenue of 68.798 billion yuan, 279 times and 296 times respectively as much as those of 1978. The total economic output ranked first in the capital cities of the five autonomous regions in China.
Under the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, with the focus on industries for urban development, Nanning City unswervingly implemented new development concept. It took supply-side structural reform as main line and focused on improving development quality and efficiency, developing real economy and promoting industrial transformation and upgrading in accordance with the idea that the secondary industry improves weak links, the tertiary industry strengthens advantages, and the first industry shows characteristics, which significantly enhanced the comprehensive economic strength with an excellent answer. Specifically, the regional GDP, fixed asset investment and total industrial output value all exceeded 400 billion yuan in 2017. Nowadays, Nanning City is remaining committed to building a modern economic system and achieving a socio-economic development with higher quality in a rapid but steady speed.