Page 348 - 2017 White Paper
P. 348
7 White Paper on the Business Environment in China
3.3 Fujian Province
Cross-StraitTrade Hub enterprises to use traditional Chinese characters on
outdoor advertisements and register company names
Directly facing Taiwan, Fujian’s coastline with Taiwanese idioms. All these measures were
provides easy access to aimed to reduce the commercial costs to Taiwan-
cross-strait trade and business. The province used to funded enterprises and help to attract more large-scale
be the sole hub for all air and sea transportation to companies and projects to Pingtan.
Taiwan, but several years ago the government began
permitting direct links with other parts of the country, Historically, Fujian’s key industries have been
following which Guangdong and Jiangsu surpassed agriculture, footwear and clothing, but in recent years
Fujian in terms of attracting investment from Taiwan. the area has increasingly focused on high-tech and
Nonetheless, Fujian stands to gain the most from the electronic goods. Fujian’s industrial clusters have
continuing improvement of cross-strait relations, both become stronger in electronic information, equipment
economically and in terms of its importance to the state manufacturing and petrochemicals, with these industries
government. The main economic engines in Fujian are accounting for more than 60 percent of total industrial
Xiamen, Fuzhou, Quanzhou, Zhangzhou and Putian. output value.
There are also a number of less well-known economic
gems hidden throughout the province. A prime example of an equipment manufacturer
headquartered in Fujian is Lonking Holdings, one of the
Economy largest construction machinery manufacturers in China
(making and distributing loaders, road rollers, excavators
The economies of Fujian and Taiwan are closely and forklifts). In late 2011, the company invested 3.5
related and complementary – with the pillar industries billion yuan in an excavator manufacturing line in the
of both regions consisting of electronics, petrochemicals Longyan Economic Development Zone. The project is
and machinery. If this favorable economic factor can estimated to produce 15,000 excavators annually.
be properly utilized, gains from the increased trade
between the two regions could benefit both sides amid To fuel such industry, Fujian province has taken
the ongoing global economic downturn. In May 2013, measures to promote energy production. For example, a
the capital city of the province – Fuzhou – set up an household waste-fuelled power plant in Fuqing city was
administration office to handle the certification of origin completed and entered operation in 2011.
for goods made in Taiwan.
The provincial government focuses on attracting
In June 2012, China’s State Administration of Industry foreign investment in 13 industries, namely electronics
and Commerce issued 16 new policies to promote and information technology, machinery, petrochemicals,
the development of the region and strengthen its steel and non-ferrous metals, shipbuilding, new energy,
bond with Taiwan. The new policies empowered local bio-pharmaceuticals (traditional Chinese medicine),
offices to directly handle registration applications and logistics, new materials, construction materials and
other business-related licenses for enterprises funded textiles. Other key industries in the province include
with overseas capital, rather than going through the aquaculture and fisheries.
Beijing office, and thereby making it more convenient
for Taiwanese enterprises to gain market access.
Additionally, the new policies allowed Taiwan-funded
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3.3 Fujian Province
Cross-StraitTrade Hub enterprises to use traditional Chinese characters on
outdoor advertisements and register company names
Directly facing Taiwan, Fujian’s coastline with Taiwanese idioms. All these measures were
provides easy access to aimed to reduce the commercial costs to Taiwan-
cross-strait trade and business. The province used to funded enterprises and help to attract more large-scale
be the sole hub for all air and sea transportation to companies and projects to Pingtan.
Taiwan, but several years ago the government began
permitting direct links with other parts of the country, Historically, Fujian’s key industries have been
following which Guangdong and Jiangsu surpassed agriculture, footwear and clothing, but in recent years
Fujian in terms of attracting investment from Taiwan. the area has increasingly focused on high-tech and
Nonetheless, Fujian stands to gain the most from the electronic goods. Fujian’s industrial clusters have
continuing improvement of cross-strait relations, both become stronger in electronic information, equipment
economically and in terms of its importance to the state manufacturing and petrochemicals, with these industries
government. The main economic engines in Fujian are accounting for more than 60 percent of total industrial
Xiamen, Fuzhou, Quanzhou, Zhangzhou and Putian. output value.
There are also a number of less well-known economic
gems hidden throughout the province. A prime example of an equipment manufacturer
headquartered in Fujian is Lonking Holdings, one of the
Economy largest construction machinery manufacturers in China
(making and distributing loaders, road rollers, excavators
The economies of Fujian and Taiwan are closely and forklifts). In late 2011, the company invested 3.5
related and complementary – with the pillar industries billion yuan in an excavator manufacturing line in the
of both regions consisting of electronics, petrochemicals Longyan Economic Development Zone. The project is
and machinery. If this favorable economic factor can estimated to produce 15,000 excavators annually.
be properly utilized, gains from the increased trade
between the two regions could benefit both sides amid To fuel such industry, Fujian province has taken
the ongoing global economic downturn. In May 2013, measures to promote energy production. For example, a
the capital city of the province – Fuzhou – set up an household waste-fuelled power plant in Fuqing city was
administration office to handle the certification of origin completed and entered operation in 2011.
for goods made in Taiwan.
The provincial government focuses on attracting
In June 2012, China’s State Administration of Industry foreign investment in 13 industries, namely electronics
and Commerce issued 16 new policies to promote and information technology, machinery, petrochemicals,
the development of the region and strengthen its steel and non-ferrous metals, shipbuilding, new energy,
bond with Taiwan. The new policies empowered local bio-pharmaceuticals (traditional Chinese medicine),
offices to directly handle registration applications and logistics, new materials, construction materials and
other business-related licenses for enterprises funded textiles. Other key industries in the province include
with overseas capital, rather than going through the aquaculture and fisheries.
Beijing office, and thereby making it more convenient
for Taiwanese enterprises to gain market access.
Additionally, the new policies allowed Taiwan-funded
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