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2007 FUZHOU INVESTMENT GUIDE
Foreword
Fuzhou, also called “the City of Banyan” for short, is the provincial
capital and central city of Mainland China nearest to Taiwan. Located
in Fujian Province, the Economic Zone on the Western coast of the Taiwan
Straits, Fuzhou is reputed as a famous national historical and cultural
city with a long history of over 2200 years. Since ancient times it has
been an important port of foreign trade in our country. Ever since China
initiated reform and opening, it has become one of the earliest coastal
port cities opened to the outside world and owns many development zones
granted by the state, including economic and technical development zone,
bonded zone, export processing zone, national base of sci-technical trade
pioneering and export innovation, Taiwanese investment zone, hi-technical
park and cross-strait agricultural cooperation experimental zone.
With abundant electricity, excellent ports as well as strong market
radiation, Fuzhou is entitled as one of the most competitive manufacturing
cities in China. With a great potential in development, we sincerely
welcome you to invest in this developing city.
Climate advantage in Fuzhou subtropical marine monsoon climate, mild
weather, rich rainfall with an annual average temperature of 19.7°C.
Center (Wushan) is located at 26° 05’ north latitude and 119° 17’
east longitude.
Geographical advantage in Fuzhou Pingtan County, Fuzhou Municipality
faces Taiwan just across Taiwan Straits with the nearest distance of
68 sea miles while Huangqi Port just 4.9 sea miles from Mazu.
Fuzhou administration division 5 districts under jurisdiction (Gulou,
Taijiang, Cangshan, Jin’an and Mawei), 2 cities (Fuqing and Changle),
and 6 counties (Minhou, Lianjiang, Luoyuan, Minqing, Yongtai and Pingtan),
total area of 12,000 sq. km, current permanent population of 6.71 million
including 2.43 million in Fuzhou urban area.
Fuzhou is one of the cities with the most concentrated foreign investment.
So far 75 among the world’s 500 top enterprises have established their
offices in Fuzhou. Up to the end of 2006, there are 8756 foreign invested
enterprises in Fuzhou with USD $25.36 billion contracted foreign investment
and USD $14.7billion actual paid-up foreign investment.
Main targets of national economy and social development for Fuzhou in the
year 2006:
u The municipal GDP was RMB165.69 billion yuan(USD$21.24 billion), a rise
of 12.2% year-on-year;
u The municipal fiscal revenue was RMB23.57 billion yuan(USD$3.02 billion),
a growth of 20.6% year-on-year;
u The municipal retail sales of social consumables totaled RMB 77.55
billion yuan(USD$9.94 billion), increased by 17% compared with that of the
previous year;
u The municipal export & import amount was USD$ 15.75 billion; increasing
by 16.4% over the previous year.
Export products mainly cover 22 varieties, such as electronics, machinery,
footwear, textiles, light industry, food, metal and craftwork.Import
products mainly cover mechanical and electrical apparatuses, plastic
(textile) raw materials and products, chemical raw materials, base metal
and other metal products.
Knowing Fuzhou
Boasting favorable natural and humanistic conditions
Located at the center of a basin, Fuzhou Municipality is transversed by
Minjiang River and Oolong River that run into East Sea. Thus the landscape
layout of “mountains to the back and facing the ocean while being bordered
by rivers” is fine example of the water cities south of the Changjiang River.
Its sea territory is as broad as 12 thousand sq. km. with coastline as long
as 1137 km, it occupies 1/3 of that of the whole of Fujian Province. Along
the coast, there are many natural bays including Luoyuan Bay, Fuqing Bay
and Xinghua Bay, which are some of the rare deep-water ports throughout
the nation. It boasts great potential for developing wind and tidal power.
Fuzhou boasts rich fresh water resources, The annual runoff flow of 63
billion cubic meters in Minjiang River ranks the 7th among various major
rivers in China.
Fuzhou is one of the three major hot spring regions in China with an annual
supply volume of 3 million cubic meters. Its hot spring resources are
characterized with shallow embedding, high water pressure, high temperature,
and good quality.
Fuzhou boasts profound cultural groundwork. As early as in the Tang Dynasty,
colleges were founded here. Since the Ming and Qing Dynasties, a galaxy of
talents has been springing out of Fuzhou. Such celebrities as Lin Zexu, who
was the first person to open his eyes to the world, Yan Fu, a contemporary
enlightening thinker, Bing Xin, famous litterateur and Shen Baozhen, founder
of Mawei ship industry were all born in Fuzhou. Fuzhou is the origin of
China ship industry culture.
Fuzhou is also a hometown of many overseas Chinese and the native begin of
the Taiwanese people. It has 3 million overseas compatriots in over 146
countries and regions. Fuzhou compatriots in Taiwan total about 750,000.
Their enthusiasm toward Fuzhou’s development is a valuable resource of
Fuzhou’s growing economic construction and development.
Choosing Fuzhou
boasting ideal investment environment
Market location:
Located on the western coast of Taiwan Straits, Fuzhou is an important
staging place for the economic and trade cooperation among the Mainland,
Taiwan, H.K. and Macao as well as at home and abroad. It is also a front
platform for trade with Taiwan. About 7 hours drive along the north-south
expressways can take you to the two economic circles of the Yangtze River
Delta and the Pearl River Delta. And within 4 hours drive can take you to
all the other municipalities of Fujian. Facing Taiwan across the Straits
has formed a unified market pattern. It boasts remarkable advantages with
regard to market location.
As a provincial capital and central city, Fuzhou has witnessed the constant
expantion of modern tertiary industries such as trade, logistics, realty,
tourism and finance. So far it has attracted such famous foreign commercial
and trade enterprises as Wal-Mart, Carrefour, Metro, B & Q as well as such
service enterprises as Hang Seng Bank, and KPMG.
Infrastructures
Fuzhou provides convenient traffic and a complete infrastructure. Fuzhou
also has remarkable advantages in port and ocean resources.
(1) Airports so far 68 routes have been opened with 390 flights provided
weekly, including the international routes such as Bangkok of Thailand,
Singapore, Kuala Lumpur, Hong Kong and Macao. Also the routes to Japan
and America will be opened in the near future.
(2) Seaports There are 25 deep-water berths of over 10,000 tons in Fuzhou.
With the largest capacity of 100,000 tons, the sea routes have extended
to more than 40 countries and regions around the world including Europe,
America, and Japan. In 2006 nearly 90 million tons of cargo was handled.
Its container import and export volume has exceeded one million standard
containers, ranking it among the 12 top domestic container ports and the
world’s 100 top container ports.
(3) Land Transportation So far a total of 275 km of expressways has been
completed and opened to traffic in Fuzhou. Shenyang-Haikou Expressway,
Fuzhou--Yinchuan Expressway and three national highways, namely, No.104,
324 and 316 assemble here. As for railways, in addition to Waifu
(Waiyang-Fuzhou) way and Hengnan (Hengfeng-Nanping) way, Fuwen
(Fuzhou-Wenzhou) way and Fuxia (Fuzhou-Xiamen) costal railways are under
construction. When these railways are completed, Fuzhou will boast even
greater railway transport abilities.
(4) Telecommunications Fuzhou leads the whole country in telecommunication.
In 2006, the total program-controlled capacity in Fuzhou reached 3.79
million, and the average telephone rate was 48 telephones/hundred people
in the whole city and 80 telephones/hundred people in the city area. The
public telecommunication net with advanced technologies connecting the
various areas in the world has been constructed including optical cable,
digital microwave, mobile telecom, program-controlled exchange, digital
communications and broadband multi-media communications.
Productive factors:
(1) Water Supply
In the urban area, there are 6 running water works with the combined water
supply capacity of nearly 1.51 million tons per day, which can fully meet
the needs of urban life and production. Five sewage treatment plants have
been completed with a total daily handling capacity of 365,000 tons. One
more sewage treatment plant is under construction with a designed daily
handling capacity of 100,000 tons.
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