Page 94 - 2022 Special Report on the State of Business in South China

TheOutlineofthe14thFive-YearPlan(2021-
2025) for Fujian Business Development41.
On 2 August 2021, Fujian has released its
business development plan for the next five years.
The plan rethinks the shortages and challenges
during the 13th Five-Year Plan period, and states
that Fujian will coordinate the development of
both domestic and foreign demands, imports and
exports, two-way investment, and the balance of
urban and rural areas. It also shows that Fujian
will focus on promoting the formation of a strong
domestic market, as well as improving the level of
reform and opening-up. Specifically:
Key Targets:
- An average annual growth of 6.5% in total
retail sales of consumer goods.
- An average annual growth of 14.9% in
online retail sales.
- An average annual growth of 5% in total
imports and exports trade.
- Actual utilization of foreign investment
accumulated to RMB190 billion (US$29.2 billion).
- Outbound direct investment to total
US$16.2 billion in five years.
Major Tasks:
- To serve and integrate into the new
development pattern.
- To promote the expansion and upgrading
of domestic trade circulation.
- To promote innovation and development
of foreign trade.
- To improve the quality and efficiency of
foreign investment.
- To operate the Fujian Pilot Free Trade Zone well. in 2022. Clarifying that the developmental goal
41 Government site of Fujian, https://
www.fujian.gov.cn/zwgk/zxwj/szfbgtwj/202108/
t20210810_5666928.htm
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- To improve the level of outbound
investment and cooperation.
- To deepen economic and trade cooperation
among Fujian, Hong Kong, and Macao.
- To improve the quality and efficiency of
port customs clearance.
The Three-year Action Plan of Fujian Prov-
ince (2020-2022) on implementing the Stan-
dardized Construction of Industrial Parks and
Promoting the High-quality Development of
Manufacturing Industry
On 20 September 2020, the General Office of
the Fujian Provincial People's Government issued
the Three-year Action Plan of Fujian Province
(2020-2022) on implementing the Standardized
Construction of Industrial Parks and Promoting the
High-quality Development of the Manufacturing
Industry. The government will vigorously implement
the standardized construction of industrial parks,
comprehensively improve the development level
of industrial parks in the province, strengthen,
optimize and expand industries, accelerate the
optimization and upgrading of industrial structures,
and provide strong support for all-round promotion
of high-quality development.
I. General Requirements
Development emphasizes the thought of
socialism with Chinese characteristics in Xi Jinping’s
new era as a guide, adheres to the concept of new
development, actively integrates with domestic
large cycles as the main body and bi-circulating
mutual promotion of domestic and international
new development patterns. Ensuring the industrial
foundation is advanced and the industrial chain is
modernized. It will modernize the industrial and
supply chains, accelerate the development of a
strong province with advanced manufacturing, and
create new advantages for future development.
The main development goal for standardization
construction and industrial development is set
for the textile shoes clothing industry, machinery
and equipment industry, electronic information
manufacturing industry, petrochemical industry,
food industry, metallurgical industry, building