Page 98 - 2020 Special Report on the State of Business in South China
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ovation of the Pingtan Area”, which requires registration management, introducing Taiwanese
the Pingtan Area to: and foreign investment, promoting foreign
investment and trade facilitation, and improving
- Establish a leading area for a new open the level of opening up. Fujian Province will build
economic system by exploring the expansion of a cross-strait integration demonstration zone,
the service industry, improving port clearance strengthen economic, technological and talent
efficiency and reducing fees, and improve the cooperation with Taiwan Province, and create
rapid inspection and release mechanism at ports, opportunities for cross-strait integration.
build a global traceability system for import and
export commodities, and expand the functional
positioning of the Haixi Screening Center.

- Cultivate new momentum for platform
format development by vigorously developing
the platform economy and accelerating the
development of cross-border, e-commerce and
healthcare industries.

- Create a cross-strait integration
demonstration zone by promoting the
same treatment for Taiwanese enterprises
and compatriots in employment and
entrepreneurship, create a cross-strait cultural
and tourism common market, introduce
Taiwanese medical product technology, test
Taiwanese engineering construction models and
create a cross-strait art market.

At present, the economic operation of the
Fuzhou Pilot Free Trade Zone is generally stable
and improving. As of September 2019, the
region's total GDP reached Rmb18.375 billion, an
increase of 9.8% or 1.6 percentage points year-
on-year, and the third consecutive quarter of
growth was higher than 9.5%, ranking second in
the province; the total import and export volume
was Rmb7.4 billion, an increase of 69.1% or 52.4
percentage points year-on-year, ranking first in
the province.

Summary

Fujian Province promotes economic growth
through demand and supply-side reforms,
improving the quality of economic development,
reducing corporate taxes, fees, production and
operating costs, and creating a more convenient
and fair business environment. Fujian Province
focuses on supporting the development of the
financial industry, lending foreign exchange

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