In addition, a total of 11 new enterprises have been put into production in the park since the beginning of this year.

In January this year, Liuzhou plant of the Shanghai Automotive Transmission Co Ltd, with an annual production of 700,000 auto transmission units, started construction.

The company, with investment of more than 300 million yuan (US$37.5 million), is the only auto transmission production centre in Guangxi.

It is expected that the company will become China's largest auto transmission production centre after the completion of its second phase construction, with the annual production value expected to hit more than 1.5 billion yuan (US$187.5 million).

In another development, domestic investment has also seen rapid growth in the Yanghe zone.

The actual use of domestic and foreign investment hit 325 million yuan (US$40.6 million) and US$7.65 million respectively in the first eight months of this year.

As one of the major auto parts manufacturing bases in the nation, most domestic and foreign-invested enterprises within the zone are engaged in producing auto parts.

The zone will bring special investment promotion projects to the upcoming China-ASEAN Expo, which will be held from today to November 3 in Nanning, capital city of the Guangxi Zhuang Autonomous Region, which involve the production of auto moulds, auto engine series, auto electronics and auto glasses, according to the area's administrative committee.

Despite rapid growth in foreign investment, officials from the zone's administrative committee pointed out that there are still many improvements needed for further investment development.

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