Page 148 - 2025 Special Report

The Outline of the 14th Five-Year Plan (2021- • To improve the level of outbound
2025) for Fujian Business Development 53
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
53 Government site of Fujian, https://www.fujian.gov. 55 FJFTZ, https://www.china-fjftz.gov.cn/article/index/
cn/zwgk/zxwj/szfbgtwj/202108/t20210810_5666928.htm aid/17520.html
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investment and cooperation
• To deepen economic and trade cooperation
among Fujian, Taiwan, Hong Kong and Macau
• To improve the quality and efficiency of
port customs clearance
Special economic zones
China (Fujian) Pilot Free Trade Zone
The China (Fujian) Pilot Free Trade Zone (FJFTZ)
was officially established on 31 December 2014
and the opening ceremony was held in Fuzhou
on 21 April 2015. It covers 118.1km , including the
2
Pingtan Area, Xiamen Area and Fuzhou Area. The
Pingtan Area is designed to: (i) be developed into
a cross-strait common home and international
tourist island; and (ii) to provide more facilities for
the free and convenient exchange of investment,
trade, capital and personnel. The Xiamen Area
will be developed into a demonstration area for
cross-strait emerging and modern service industry
cooperation, a southeast international shipping
center and a cross-strait regional financial service
and trade center. The Fuzhou Area will be developed
into an advanced manufacturing base, an
important platform for exchange and cooperation
among countries along the 21st Century Maritime
Silk Road and a demonstration area for cross-strait
service trade and financial innovation cooperation.
In 2023, 7,599 new enterprises, including 391
foreign-funded were founded in the FJFTZ. The
actual utilization of foreign investment reached
US$0.4 billion .
54
In September 2021, Fujian also announced its
Outline of the 14th Five-Year Plan (2021-2025) for
FJFTZ Development . Focusing on the reform and
55
efficiency of international trade and investment
development, it highlights some major tasks,
including building a higher-level open economy
pattern, creating high-quality industry system,
54 FJFTZ, http://3g.china-fjftz.gov.cn/article/index/
aid/22115.html
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