Quanzhou Builds Third Major Gathering Areas For Taiwanese Businessmen

2007 summary of Quanzhou Industrial Development Report: Quanzhou and Taiwan have similar industrial development paths, strong economic complementarity and broad prospects for industrial cooperation. In the first quarter of 2007, a number of key enterprises in Taiwan took turns to negotiate with Quanzhou, and reached a number of key docking projects, negotiating the amount of investment over the past year. Quanzhou's bigger hand is 58 square kilometers of Quanzhou Taiwanese investment zone. This is reporting a state-level Taiwanese investment zone. It intends to focus on the development of petrochemical processing, mechatronics and textile and garment industries. The goal is to form an industrial cluster of over 50 billion yuan in output value, and create Quanzhou as the third Taiwanese business gathering area after the Guangdong Dongguan and Jiangsu Kunshan. Since the late 1990s, a new round of investment in mainland China has been launched in Taiwan. The investment industry has shifted from labor-intensive industries to capital and technology intensive industries such as electronics, petrochemical and so on. The investment field has also expanded from manufacturing to purchasing, research and development, sales and other fields. Since the reform and opening up, Quanzhou's economy has risen rapidly, forming five traditional industries with fairly complete industrial chain. In recent years, Quanzhou has vigorously nurtured and developed five new industries, including petrochemicals, ship repair, shipbuilding, automobile, electronics and biomedicine, and achieved good results. There is a larger complementary cooperation space between textile and clothing, shoemaking, agriculture, electronics and petrochemical industry. Quanzhou has become an important platform for the cross-strait industry docking. In the economic and trade exchanges between Quantai and Taiwan, this January 17th is a milestone day and an important moment for cross-strait economic and trade exchanges. On this day, the Quanzhou harmonious photoelectric technology project, the Jinjiang harmonious photoelectric technology project, the West Coast international procurement and regional logistics distribution center project with a total investment of 2 billion 320 million dollars were officially signed. This figure exceeds the total amount of economic and trade cooperation of Quantai in the past 20 years, indicating the arrival of the era of large-scale economic and trade cooperation in Quantai. After the project is completed and put into operation, the annual output value is expected to reach US $800 million, and the annual output value of the downstream industry will reach 20 billion yuan. Since then, Taiwan's optoelectronic, mechanical, petrochemical and shipbuilding industries have frequently visited Quanzhou. They should jointly build a new Taiwanese investment gathering area on the land with the most predestination in Taiwan. As early as the beginning of this year, the representative of the National People's Congress and the Secretary of the Quanzhou Municipal Committee of the CPC, Zheng Dao Xi, who attended the five session of the ten National People's Congress, submitted suggestions to the general assembly. They urged the central government to approve the establishment of Quanzhou (state level) Taiwanese investment zone as soon as possible, and give preferential policies to the state-level economic and technological development zones, as well as the preferential policies of Taiwanese investment areas such as Fuzhou and Xiamen. Prior to this, the State Council has approved the establishment of four state-level Taiwanese investment zones in Fuzhou, Xiamen, Jimei, Xinglin and Haicang in Fujian. Over the past more than 10 years, these four Taiwan investment zones have become one of the most densely invested Taiwanese companies in the mainland and undertaking industrial transfer in Taiwan. According to the plan, the Quanzhou (state level) Taiwanese investment area will focus on developing petrochemical processing, electromechanical integration and textile and garment industries, with a planned area of 58 square kilometers, of which 35 square kilometers of comprehensive utilization area can be utilized, and the goal is to form an industrial cluster block with an output value exceeding 50 billion yuan. In the mode of investment, Quanzhou (state level) Taiwanese investment zone will take the road of "rapid development with the introduction of flagship projects to drive the entire industrial chain and industrial sector to be embedded". It is planned that the industrial output value will exceed 10 billion yuan in 2010, exceeding 30 billion yuan in 2015, and over 100 billion yuan in 2020. The declaration work of the project was quickly supported by the relevant ministries and commissions of the country. The Ministry of Commerce issued the "opinions on supporting the construction of the Economic Zone on the west side of the Straits", put forward 31 specific measures to support the construction of the west coast, actively studied the expansion of Fuzhou and Xiamen Taiwanese investment zone and the newly established Quanzhou Taiwan investment zone, highlighted Quanzhou's regional advantages, and played the carrier function of Taiwan investment area in undertaking the transformation and transfer of advanced manufacturing industries and enterprises in Taiwan. Quanzhou will implement a more open policy of small trade to Taiwan under the conditions of customs supervision, expand the main business, cancel the tonnage and trading volume restrictions on small trade vessels, and expand the types of small trade goods to Taiwan. The Ministry of Commerce will also promote an annual Taiwan agricultural products purchase order meeting in Quanzhou's Fujian Taiwan trading market, and form a normalization mechanism. It will help Fujian establish a stable trading platform for agricultural products in Taiwan and promote the sale of agricultural products in the Taiwan region in the mainland. In addition, the Ministry of Commerce will also give preferential treatment to Taiwanese businessmen's investment policy in Fujian Province, simplify the notarization link, and Taiwan businessmen will invest in Fujian province to avoid notarization and certification of the qualifications of investors and Taiwan businessmen's credentials.