21st Century Business Herald:

The automobile industry is an important pillar of Guangxi's economy. I come from Liuzhou, Guangxi. When I went home for the Chinese New Year this year, I noticed that new energy vehicles (NEVs) produced in Guangxi were everywhere on the streets of Liuzhou. What new measures is Guangxi taking to promote new industrialization and build a modern industrial system? Thank you.

Lan Tianli:

Thank you to the journalist from Liuzhou for your question. I would like to invite Mr. Wang to answer your question.

Wang Yongchao:

Thank you for your interest in Guangxi's industry. Over the past three years, Guangxi has vigorously implemented an industrial revitalization initiative, with total industrial investment exceeding 1 trillion yuan, growing at an average annual rate of 17.3%. The added value of industrial enterprises above designated size grew at an average annual rate of 6.5%, 0.6 percentage point higher than the national average. The high-quality development of the industrial economy is showing good momentum. The NEVs in Liuzhou you mentioned are mostly manufactured by Wuling. The company's cars are affectionately called "Amazing Wuling Cars" online due to their cost-effectiveness, practicality and high quality. They continually meet the people's needs, fulfilling the dreams of car ownership and prosperity held by generations. Wuling Motors is also a microcosm of Guangxi's industry continuously advancing toward higher standards, innovation and excellence. Building on our resource endowment and industrial foundation, we are focusing on competitive industries, concentrating advantageous resources and striving to excel in four key industrial areas:

"Original Brand" resource-based industries are being upgraded. Guangxi ranks among the top in the country for mineral resources such as aluminum, tin, antimony and indium. We have developed our distinctive resources into competitive industries. Industries such as steel, non-ferrous metals and food processing have all achieved industrial output values in excess of 300 billion yuan, marking a transition toward advanced and value-added processing of raw materials. For example, the aluminum industry has established a complete industrial chain from bauxite mining to deep processing of aluminum. Guangxi is capable of manufacturing ultra-thin electronic-grade aluminum foil, lightweight and high-strength aluminum materials for NEVs, and high-end precision aerospace aluminum alloys.

"Old Brand" traditional industries are transforming and breaking new ground. Mechanical and metallurgical industries are the traditional foundation of Guangxi's economy. We support enterprises in upgrading their products, innovating technologies and transitioning to digitalization, thereby achieving the advancement and development of traditional industries. Products and technical services from Guangxi are widely used in many well-known major projects and events, such as the cable net for the Five-hundred-meter Aperture Spherical radio Telescope (FAST), the high-strength steel reinforcement anchorage system for the Hong Kong-Zhuhai-Macao Bridge, the plateau loaders used in the Qinghai-Tibet Railway, and the engines of buses used at the Beijing Olympic Games and Winter Olympic Games.

"New Brand" emerging industries are developing rapidly. Traditional industries can also nurture new quality productive forces. We are promoting integrated industrial development, fostering the rejuvenation of existing industries and the emergence of new ones. These efforts have nurtured a group of emerging industries including new materials, new energy batteries and new energy vehicles, each with a scale exceeding 50 billion yuan. Strategic emerging industries now contribute over 30% to industrial growth.

"External Brand" foreign trade-oriented industries are growing rapidly. Guangxi is developing into a convenient hub for both domestic and international markets. We support enterprises in building cross-border industrial and supply chains, attracting a large number of companies to establish import and export processing and manufacturing bases oriented toward ASEAN. Exports of large-scale machinery and equipment, automotive components, textiles and apparel, electronics and other products manufactured in Guangxi are experiencing rapid growth.

Starting this year, Guangxi will embark on a new three-year industrial revitalization initiative. We will focus on promoting new industrialization, developing new quality productive forces tailored to local conditions, and continuously building pillar industries that embody Guangxi's characteristics and advantages, with significant scale and strong driving force. Our goal is to accelerate the construction of a modern industrial system.

Thank you.