According to a press conference on industry investment held by the Nanning government on June 10, the actual funds in place for industry investment in Nanning exceeded 100 billion yuan ($14.14 billion) for the first time in 2019.

In 2019, the actual funds in place of Nanning was 102.6 billion yuan, a year-on-year increase of 7.97 percent, the actual use of foreign capital for business service was $31.02 million, a year-on-year increase of 120.39 percent, while 605 projects with more than 50 million yuan each settled in the city.

Among the newly signed projects, there are 308 industrial projects, as well as 220 large-scale projects that have an investment of more than 100 million yuan, including 34 projects with more than 1 billion yuan, five projects with more than 5 billion yuan, and three projects with more than 10 billion yuan.

As of June 1, Nanning has signed 71 new projects with central enterprises, private enterprises, and enterprises in the Guangdong-Hong Kong-Macao Greater Bay Area, with a total investment of 55.13 billion yuan. Among them, 36 new projects have started construction.