Constant Upgrading of Economic Structure

Guangxi continues to reinforce its economic restructuring efforts, seeking to change its growth model. In 2009, the local industrial composition of primary, secondary and tertiary industries was modified to 18.6 42.9 38.5 respectively, as compared to the previous year’s ratios of 20.3 42.3 37.4. For the first time the added value of primary industry dropped below 20% of the total GDP, and the rate of industrialization reached 2%, up from 1.76% in 2008. Energy consumption per10, 000 yuan of GDP fell by over3.4%,cod( chemical oxygen demand) discharge by 2.04%, and sulfur dioxide emissions by 1.1%. The region also achieved an urbanization rate of 40% in one of its best times of urban development.

Production line at Guangxi Liugong Machinery Co. Ltd, China’s first publicly traded construction equipment company.

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