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6 White Paper on the Business Environment in China
ing, as well as integrated circuit design, animated games and call • Expand cooperation with Hong Kong and encourage
center service outsourcing businesses targeted towards Taiwan. Hong Kong financial institutions to set up branches in
Fujian.
The Fujian provincial government has a standing policy to
promote the development of emerging industries, including Much of the Plan’s focus is placed on cooperation with Tai-
next-generation information technology, biotechnology and wan, for example in modern services such as the legal, interme-
new medicine, new materials, new energy, energy-saving tech- diary, medical and health, cultural, service outsourcing, com-
nology, high-end equipment manufacturing, and the marine mercial exhibition, shipping and logistics and R&D industries.
high-tech industry. By 2015, the provincial government aims The Plan encourages the introduction of Taiwanese hospitals,
to increase the value of emerging industries to RMB300 billion, rehabilitation centers and retirement homes to Fujian, and Tai-
accounting for 12 percent of Fujian’s GDP. wanese residents are encouraged to start businesses and partici-
pate in politics in Fujian.
The province is now vigorously promoting the marine econ-
omy as its new growth engine. Fujian initiated related pilot Fujian’s import/export value grew by 4.8 percent to
projects in 2013, targeting a total output value of the industry US$177.50 billion in 2014. Exports reachedUS$113.46 bil-
of RMB730 billion by 2015. If achieved, this would contribute lion while imports reached US$64.04 billion, increased by 6.6
more than 28 percent of total regional product and turn the percent and 1.9 percentres pectively. For 2014, trade volume
province into a marine economic powerhouse by 2020. The is expected to grow by 6 percent, and foreign investment by 6
province is also set to improve the organization of its ports and percent .
optimize resource allocation. The province’s coastal resources
for building deep water berths of 10,000 tons to 30,000 tons Spotlight on Development Zones
rank first in the country; this is planned as the basis for an am- Fujian’s development zones received great attention under
bitious move to turn Fujian an internationally competitive ship-
ping center. To this end, the provincial government has plans to China’s 11th Five Year Plan, in which the State Council approved
establish a special fund of RMB1 billion for the development of free trade port zones both in Xiamen and Fuzhou and upgraded
marine economy. three provincial development zones - China Merchants Zhang-
zhou Development Zone, Quanzhou Economic and Technolog-
Fujian’s 12th Five-Year Plan encourages foreign investment ical Development Zone, Quanzhou High-tech Industrial Devel-
in newly emerging strategic industries, modern services, energy opment Zone - to state level status.
conservation and environmental protection, and other key in-
dustries. The Plan also aims to: Fujian’s development zones are also representative of the
province’s economy as a whole. For example, the province’s
• Increase cooperation with large international corpo- development zones include three state-level investment zones
rations through technological cooperation and asset specifically aimed at Taiwanese businesses, located in Fuzhou,
M&As; Quanzhou and Zhangzhou. Auto-parts are a major product
in Fujian province and this is no more clearly seen than in
• Optimize the structure of exported products by en- Hua’an Economic Development Zone, which is home to the
couraging the export of high-tech, electrical and me- “aluminium wheel production project.” According to Fujian
chanical products with independent IPR, as well as government plans, this zone will develop an auto spare parts
high added-value labor-intensive products; industrial cluster that produces car wheels, car bearings, tyresas
well as auto glass products, among others. In addition, several
• Promote the accelerated transformation and upgrad- new-energy vehicles and fork-lift trucks manufacturers will also
ing of the processing trade, and encourage domestic be housed in the area.
and foreign enterprises to cooperate in the expansion
from simple assembly and processing to the inclusion The West Coast Economic Zone (also known as the West-
of R&D, design, core component manufacturing, and ern Taiwan Straits Economic Zone) covers the entirety of Fujian
logistics; province, as well as several cities in the Zhejiang, Guangdong,
and Jiangxi provinces. The Zone, described in China’s 12th Five
• Restrict the export of high-energy consumption, Year Plan, was proposed by the Fujian government and Chinese
high-pollution and resource-intensive products; central government with the purpose of facilitating political and
economic relationships across the Taiwan Straits and acceler-
• Encourage the import of advanced equipment and ating economic development along the coastal cities in Fujian
technologies, important resources, key component province.
parts and goods for daily consumption that are neces-
sary for economic development so as to optimize the
province’s import structure;
• Strengthen the certification of enterprises and products
entering the global market; and
262
ing, as well as integrated circuit design, animated games and call • Expand cooperation with Hong Kong and encourage
center service outsourcing businesses targeted towards Taiwan. Hong Kong financial institutions to set up branches in
Fujian.
The Fujian provincial government has a standing policy to
promote the development of emerging industries, including Much of the Plan’s focus is placed on cooperation with Tai-
next-generation information technology, biotechnology and wan, for example in modern services such as the legal, interme-
new medicine, new materials, new energy, energy-saving tech- diary, medical and health, cultural, service outsourcing, com-
nology, high-end equipment manufacturing, and the marine mercial exhibition, shipping and logistics and R&D industries.
high-tech industry. By 2015, the provincial government aims The Plan encourages the introduction of Taiwanese hospitals,
to increase the value of emerging industries to RMB300 billion, rehabilitation centers and retirement homes to Fujian, and Tai-
accounting for 12 percent of Fujian’s GDP. wanese residents are encouraged to start businesses and partici-
pate in politics in Fujian.
The province is now vigorously promoting the marine econ-
omy as its new growth engine. Fujian initiated related pilot Fujian’s import/export value grew by 4.8 percent to
projects in 2013, targeting a total output value of the industry US$177.50 billion in 2014. Exports reachedUS$113.46 bil-
of RMB730 billion by 2015. If achieved, this would contribute lion while imports reached US$64.04 billion, increased by 6.6
more than 28 percent of total regional product and turn the percent and 1.9 percentres pectively. For 2014, trade volume
province into a marine economic powerhouse by 2020. The is expected to grow by 6 percent, and foreign investment by 6
province is also set to improve the organization of its ports and percent .
optimize resource allocation. The province’s coastal resources
for building deep water berths of 10,000 tons to 30,000 tons Spotlight on Development Zones
rank first in the country; this is planned as the basis for an am- Fujian’s development zones received great attention under
bitious move to turn Fujian an internationally competitive ship-
ping center. To this end, the provincial government has plans to China’s 11th Five Year Plan, in which the State Council approved
establish a special fund of RMB1 billion for the development of free trade port zones both in Xiamen and Fuzhou and upgraded
marine economy. three provincial development zones - China Merchants Zhang-
zhou Development Zone, Quanzhou Economic and Technolog-
Fujian’s 12th Five-Year Plan encourages foreign investment ical Development Zone, Quanzhou High-tech Industrial Devel-
in newly emerging strategic industries, modern services, energy opment Zone - to state level status.
conservation and environmental protection, and other key in-
dustries. The Plan also aims to: Fujian’s development zones are also representative of the
province’s economy as a whole. For example, the province’s
• Increase cooperation with large international corpo- development zones include three state-level investment zones
rations through technological cooperation and asset specifically aimed at Taiwanese businesses, located in Fuzhou,
M&As; Quanzhou and Zhangzhou. Auto-parts are a major product
in Fujian province and this is no more clearly seen than in
• Optimize the structure of exported products by en- Hua’an Economic Development Zone, which is home to the
couraging the export of high-tech, electrical and me- “aluminium wheel production project.” According to Fujian
chanical products with independent IPR, as well as government plans, this zone will develop an auto spare parts
high added-value labor-intensive products; industrial cluster that produces car wheels, car bearings, tyresas
well as auto glass products, among others. In addition, several
• Promote the accelerated transformation and upgrad- new-energy vehicles and fork-lift trucks manufacturers will also
ing of the processing trade, and encourage domestic be housed in the area.
and foreign enterprises to cooperate in the expansion
from simple assembly and processing to the inclusion The West Coast Economic Zone (also known as the West-
of R&D, design, core component manufacturing, and ern Taiwan Straits Economic Zone) covers the entirety of Fujian
logistics; province, as well as several cities in the Zhejiang, Guangdong,
and Jiangxi provinces. The Zone, described in China’s 12th Five
• Restrict the export of high-energy consumption, Year Plan, was proposed by the Fujian government and Chinese
high-pollution and resource-intensive products; central government with the purpose of facilitating political and
economic relationships across the Taiwan Straits and acceler-
• Encourage the import of advanced equipment and ating economic development along the coastal cities in Fujian
technologies, important resources, key component province.
parts and goods for daily consumption that are neces-
sary for economic development so as to optimize the
province’s import structure;
• Strengthen the certification of enterprises and products
entering the global market; and
262
