Page 142 - 2024 Special Report on the State of Business in South China
P. 142
facilitation of port trade. The measures include, industries. It aims to build a regional international
providing rewards to import enterprises and trade center that focuses on Chinese mainland and
offering subsidy for renting in the mall, as well as is open to the Asia Pacific region.
supporting marketing campaign, such as online
shopping festival and live stream activities. The GDP of Xiamen surged from RMB292.2
billion (US$40.7 billion) in 2012 to RMB780.3 billion
Driven by policy support and excellent business (US$116.1 billion) in 2022, with a CAGR of 10.3%52.
services, the development of cross-border Foreign trade exceeded RMB 900 billion during
e-commerce in Fuzhou Jiangyin Port Free Trade the same period. Emerging industries of biological
Zone has gained rapid momentum. The cargo medicine, new energy and new material are the
throughput of Jiangyin port reached 0.35 billion main driver of the new economy, while cultural and
tons, with an increase of 3.86% YoY in 2022, ranking creative industries maintained double-digit growth.
third in the province51.
In October 2021, the Development and Reform
Xiamen area of the China (Fujian) Pilot Free Commission of Xiamen issued the Guidance
Trade Zone for the Industrial Spatial Distribution in Xiamen
(2021 Edition)53 to facilitate the construction
The Xiamen area covers a total area of 43.8km2, of key industrial chains. The industrial spatial
with a focus on building a demonstration area for distribution in Xiamen is classified into two parts
cross-strait emerging and modern service industry namely advanced manufacturing and modern
cooperation, a southeast international shipping service, covering nine leading industries and two
center, a cross-strait regional financial service comprehensive parks, encompassing 60 functional
center and a cross-strait trade center. The area areas with a total land scale of 309.8km2. In the
includes two blocks that consist of: government’s 14th Five-Year Plan54, we understand
the city will fully boost the development of “5+X”
- The core area of the cross-strait trade key sectors, foster the next generation information
center covers an area of 19.4km2, designed to: technology industry as a backbone; focus on
(i) develop modern port-vicinity industries such two emerging leading industries, which are the
as shipping logistics, import and export, bonded biomedicine and health industry, and the new
logistics, valued-added processing, service material and new energy industry; strengthen two
outsourcing and bulk commodities trade; (ii) build a characteristic landmark industries, which are the
highly efficient, convenient, green and low-carbon digital innovation and marine high-tech industry.
logistics network and a modern shipping service The goal of Xiamen before 2025 is to achieve value-
system with high-quality services and complete added of strategic emerging industries to RMB250
functions; and (iii) build itself into an important billion, accounting for 25% of GDP. The value-added
international container hub port in the Asia-Pacific of high-tech industries is expected to account for
region focusing on the west coast of the Taiwan 45% of that of all industries.
Strait, which serves Taiwan, Chinese mainland
and the rest of the world, and having the ability to Pingtan area of the China (Fujian) Pilot Free
allocate global shipping resources. Trade Zone
- The Haicang Port Area of the Southeast The Pingtan area of the China (Fujian) Pilot
International Shipping Center covers 24.4km2. Free Trade Zone covers 43km2 and is divided into
It is designed to develop emerging industries three blocks: (i) the Port Economic and Trade Zone
and high-end service industries, such as high- (16km2); (ii) the High-tech Industrial Zone (15km2);
tech scientific research and development,
information consumption, airport-vicinity 52 Statistics Bureau of Xiamen, http://tjj.xm.gov.
industries, international trade services, financial cn/tjzl/ndgb/202303/t20230321_2726562.htm
services, professional services and cruise economy 53 Xiamen development and reform commission,
http://dpc.xm.gov.cn/xxgk/xxgkml/qtyzdgkxx/202110/
51 The government of Jiangyin, http://www.jian- t20211015_2591408.htm
gyin.gov.cn/doc/2023/01/16/1111422.shtml 54 Government of Xiamen, http://www.xm.gov.
cn/zwgk/flfg/sfbwj/202110/t20211022_2593423.htm
142
providing rewards to import enterprises and trade center that focuses on Chinese mainland and
offering subsidy for renting in the mall, as well as is open to the Asia Pacific region.
supporting marketing campaign, such as online
shopping festival and live stream activities. The GDP of Xiamen surged from RMB292.2
billion (US$40.7 billion) in 2012 to RMB780.3 billion
Driven by policy support and excellent business (US$116.1 billion) in 2022, with a CAGR of 10.3%52.
services, the development of cross-border Foreign trade exceeded RMB 900 billion during
e-commerce in Fuzhou Jiangyin Port Free Trade the same period. Emerging industries of biological
Zone has gained rapid momentum. The cargo medicine, new energy and new material are the
throughput of Jiangyin port reached 0.35 billion main driver of the new economy, while cultural and
tons, with an increase of 3.86% YoY in 2022, ranking creative industries maintained double-digit growth.
third in the province51.
In October 2021, the Development and Reform
Xiamen area of the China (Fujian) Pilot Free Commission of Xiamen issued the Guidance
Trade Zone for the Industrial Spatial Distribution in Xiamen
(2021 Edition)53 to facilitate the construction
The Xiamen area covers a total area of 43.8km2, of key industrial chains. The industrial spatial
with a focus on building a demonstration area for distribution in Xiamen is classified into two parts
cross-strait emerging and modern service industry namely advanced manufacturing and modern
cooperation, a southeast international shipping service, covering nine leading industries and two
center, a cross-strait regional financial service comprehensive parks, encompassing 60 functional
center and a cross-strait trade center. The area areas with a total land scale of 309.8km2. In the
includes two blocks that consist of: government’s 14th Five-Year Plan54, we understand
the city will fully boost the development of “5+X”
- The core area of the cross-strait trade key sectors, foster the next generation information
center covers an area of 19.4km2, designed to: technology industry as a backbone; focus on
(i) develop modern port-vicinity industries such two emerging leading industries, which are the
as shipping logistics, import and export, bonded biomedicine and health industry, and the new
logistics, valued-added processing, service material and new energy industry; strengthen two
outsourcing and bulk commodities trade; (ii) build a characteristic landmark industries, which are the
highly efficient, convenient, green and low-carbon digital innovation and marine high-tech industry.
logistics network and a modern shipping service The goal of Xiamen before 2025 is to achieve value-
system with high-quality services and complete added of strategic emerging industries to RMB250
functions; and (iii) build itself into an important billion, accounting for 25% of GDP. The value-added
international container hub port in the Asia-Pacific of high-tech industries is expected to account for
region focusing on the west coast of the Taiwan 45% of that of all industries.
Strait, which serves Taiwan, Chinese mainland
and the rest of the world, and having the ability to Pingtan area of the China (Fujian) Pilot Free
allocate global shipping resources. Trade Zone
- The Haicang Port Area of the Southeast The Pingtan area of the China (Fujian) Pilot
International Shipping Center covers 24.4km2. Free Trade Zone covers 43km2 and is divided into
It is designed to develop emerging industries three blocks: (i) the Port Economic and Trade Zone
and high-end service industries, such as high- (16km2); (ii) the High-tech Industrial Zone (15km2);
tech scientific research and development,
information consumption, airport-vicinity 52 Statistics Bureau of Xiamen, http://tjj.xm.gov.
industries, international trade services, financial cn/tjzl/ndgb/202303/t20230321_2726562.htm
services, professional services and cruise economy 53 Xiamen development and reform commission,
http://dpc.xm.gov.cn/xxgk/xxgkml/qtyzdgkxx/202110/
51 The government of Jiangyin, http://www.jian- t20211015_2591408.htm
gyin.gov.cn/doc/2023/01/16/1111422.shtml 54 Government of Xiamen, http://www.xm.gov.
cn/zwgk/flfg/sfbwj/202110/t20211022_2593423.htm
142
