Page 60 - 2016_SpecialReport_web
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6 Special Report on the State of Business in South China
ing, as well as integrated circuit design, animated games and call Much of the Plan’s focus is placed on cooperation with Tai-
center service outsourcing businesses targeted towards Taiwan. wan, for example in modern services such as the legal, interme-
diary, medical and health, cultural, service outsourcing, com-
The Fujian provincial government has a standing policy to mercial exhibition, shipping and logistics and R&D industries.
promote the development of emerging industries, including The Plan encourages the introduction of Taiwanese hospitals,
next-generation information technology, biotechnology and rehabilitation centers and retirement homes to Fujian, and Tai-
new medicine, new materials, new energy, energy-saving tech- wanese residents are encouraged to start businesses and partici-
nology, high-end equipment manufacturing, and the marine pate in politics in Fujian.
high-tech industry. By 2015, the provincial government aims to
increase the value of emerging industries to RMB300 billion, ac- Fujian’s import/export value grew by 4.8 percent to
counting for 12 percent of Fujian’s GDP. US$177.50 billion in 2014. Exports reachedUS$113.46 bil-
lion while imports reached US$64.04 billion, increased by 6.6
The province is now vigorously promoting the marine percent and 1.9 percentres pectively. For 2014, trade volume
economy as its new growth engine. Fujian initiated related pilot is expected to grow by 6 percent, and foreign investment by 6
projects in 2013, targeting a total output value of the industry percent .
of RMB730 billion by 2015. If achieved, this would contribute
more than 28 percent of total regional product and turn the Spotlight on Development Zones
province into a marine economic powerhouse by 2020. The Fujian’s development zones received great attention under
province is also set to improve the organization of its ports and
optimize resource allocation. The province’s coastal resources China’s 11th Five Year Plan, in which the State Council approved
for building deep water berths of 10,000 tons to 30,000 tons free trade port zones both in Xiamen and Fuzhou and upgraded
rank first in the country; this is planned as the basis for an ambi- three provincial development zones - China Merchants Zhang-
tious move to turn Fujian an internationally competitive ship- zhou Development Zone, Quanzhou Economic and Techno-
ping center. To this end, the provincial government has plans to logical Development Zone, Quanzhou High-tech Industrial
establish a special fund of RMB1 billion for the development of Development Zone - to state level status.
marine economy.
Fujian’s development zones are also representative of the
Fujian’s 12th Five-Year Plan encourages foreign investment province’s economy as a whole. For example, the province’s
in newly emerging strategic industries, modern services, energy development zones include three state-level investment zones
conservation and environmental protection, and other key in- specifically aimed at Taiwanese businesses, located in Fuzhou,
dustries. The Plan also aims to: Quanzhou and Zhangzhou. Auto-parts are a major product
in Fujian province and this is no more clearly seen than in
• Increase cooperation with large international corporations Hua’an Economic Development Zone, which is home to the
through technological cooperation and asset M&As; “aluminium wheel production project.” According to Fujian
government plans, this zone will develop an auto spare parts
• Optimize the structure of exported products by encourag- industrial cluster that produces car wheels, car bearings, tyresas
ing the export of high-tech, electrical and mechanical prod- well as auto glass products, among others. In addition, several
ucts with independent IPR, as well as high added-value new-energy vehicles and fork-lift trucks manufacturers will also
labor-intensive products; be housed in the area.
• Promote the accelerated transformation and upgrading of The West Coast Economic Zone (also known as the West-
the processing trade, and encourage domestic and foreign ern Taiwan Straits Economic Zone) covers the entirety of Fujian
enterprises to cooperate in the expansion from simple as- province, as well as several cities in the Zhejiang, Guangdong,
sembly and processing to the inclusion of R&D, design, and Jiangxi provinces. The Zone, described in China’s 12th Five
core component manufacturing, and logistics; Year Plan, was proposed by the Fujian government and Chinese
central government with the purpose of facilitating political and
• Restrict the export of high-energy consumption, high-pol- economic relationships across the Taiwan Straits and acceler-
lution and resource-intensive products; ating economic development along the coastal cities in Fujian
province.
• Encourage the import of advanced equipment and technol-
ogies, important resources, key component parts and goods
for daily consumption that are necessary for economic de-
velopment so as to optimize the province’s import structure;
• Strengthen the certification of enterprises and products en-
tering the global market; and
• Expand cooperation with Hong Kong and encourage Hong
Kong financial institutions to set up branches in Fujian.
60
ing, as well as integrated circuit design, animated games and call Much of the Plan’s focus is placed on cooperation with Tai-
center service outsourcing businesses targeted towards Taiwan. wan, for example in modern services such as the legal, interme-
diary, medical and health, cultural, service outsourcing, com-
The Fujian provincial government has a standing policy to mercial exhibition, shipping and logistics and R&D industries.
promote the development of emerging industries, including The Plan encourages the introduction of Taiwanese hospitals,
next-generation information technology, biotechnology and rehabilitation centers and retirement homes to Fujian, and Tai-
new medicine, new materials, new energy, energy-saving tech- wanese residents are encouraged to start businesses and partici-
nology, high-end equipment manufacturing, and the marine pate in politics in Fujian.
high-tech industry. By 2015, the provincial government aims to
increase the value of emerging industries to RMB300 billion, ac- Fujian’s import/export value grew by 4.8 percent to
counting for 12 percent of Fujian’s GDP. US$177.50 billion in 2014. Exports reachedUS$113.46 bil-
lion while imports reached US$64.04 billion, increased by 6.6
The province is now vigorously promoting the marine percent and 1.9 percentres pectively. For 2014, trade volume
economy as its new growth engine. Fujian initiated related pilot is expected to grow by 6 percent, and foreign investment by 6
projects in 2013, targeting a total output value of the industry percent .
of RMB730 billion by 2015. If achieved, this would contribute
more than 28 percent of total regional product and turn the Spotlight on Development Zones
province into a marine economic powerhouse by 2020. The Fujian’s development zones received great attention under
province is also set to improve the organization of its ports and
optimize resource allocation. The province’s coastal resources China’s 11th Five Year Plan, in which the State Council approved
for building deep water berths of 10,000 tons to 30,000 tons free trade port zones both in Xiamen and Fuzhou and upgraded
rank first in the country; this is planned as the basis for an ambi- three provincial development zones - China Merchants Zhang-
tious move to turn Fujian an internationally competitive ship- zhou Development Zone, Quanzhou Economic and Techno-
ping center. To this end, the provincial government has plans to logical Development Zone, Quanzhou High-tech Industrial
establish a special fund of RMB1 billion for the development of Development Zone - to state level status.
marine economy.
Fujian’s development zones are also representative of the
Fujian’s 12th Five-Year Plan encourages foreign investment province’s economy as a whole. For example, the province’s
in newly emerging strategic industries, modern services, energy development zones include three state-level investment zones
conservation and environmental protection, and other key in- specifically aimed at Taiwanese businesses, located in Fuzhou,
dustries. The Plan also aims to: Quanzhou and Zhangzhou. Auto-parts are a major product
in Fujian province and this is no more clearly seen than in
• Increase cooperation with large international corporations Hua’an Economic Development Zone, which is home to the
through technological cooperation and asset M&As; “aluminium wheel production project.” According to Fujian
government plans, this zone will develop an auto spare parts
• Optimize the structure of exported products by encourag- industrial cluster that produces car wheels, car bearings, tyresas
ing the export of high-tech, electrical and mechanical prod- well as auto glass products, among others. In addition, several
ucts with independent IPR, as well as high added-value new-energy vehicles and fork-lift trucks manufacturers will also
labor-intensive products; be housed in the area.
• Promote the accelerated transformation and upgrading of The West Coast Economic Zone (also known as the West-
the processing trade, and encourage domestic and foreign ern Taiwan Straits Economic Zone) covers the entirety of Fujian
enterprises to cooperate in the expansion from simple as- province, as well as several cities in the Zhejiang, Guangdong,
sembly and processing to the inclusion of R&D, design, and Jiangxi provinces. The Zone, described in China’s 12th Five
core component manufacturing, and logistics; Year Plan, was proposed by the Fujian government and Chinese
central government with the purpose of facilitating political and
• Restrict the export of high-energy consumption, high-pol- economic relationships across the Taiwan Straits and acceler-
lution and resource-intensive products; ating economic development along the coastal cities in Fujian
province.
• Encourage the import of advanced equipment and technol-
ogies, important resources, key component parts and goods
for daily consumption that are necessary for economic de-
velopment so as to optimize the province’s import structure;
• Strengthen the certification of enterprises and products en-
tering the global market; and
• Expand cooperation with Hong Kong and encourage Hong
Kong financial institutions to set up branches in Fujian.
60
