Development Zones in Fujian

As one of the first Chinese provinces to establish a development zone,  Fujian is now the only province in China with the approval of the State Council to have set up Taiwanese investment zones. As of June 2008, there already are 86 various kinds of development zones in the province. It includes: 21 state-level development zones with the approval of the State Council (containing economic and technological development zones, high- and new-tech industrial development zones, bonded zones, bonded logistics parks, export processing zones, bonded ports, tourist resorts, Taiwanese investment zones, and other types) and 65 provincial-level development zones with the approval of the provincial government. After more than 20 years of construction, the development zone has now become the focus of the manufacturing sector, the accumulation to attract foreign capitals, the demonstration of structural reform, the main force of foreign trades and exports as well as the strong engine of regional economic development. In the year of 2007, the total GDP created by various development zones of Fujian reached RMB 210.453 billion, registering a year-on-year increase of 28.2%. The added value of industrial enterprises above the designated size totaled RMB 578.292 billion, up by 25.42% over the previous year. The whole year’s total volume of exports amounted to US 25.031 billion, increased by 33.84% compared with the corresponding period last year. The actual utilized foreign capitals of the development zones in 2007 reached US 2.419 billion (capital verification), grew by 59.11% over the same period of last year. The total number of the high or  innovative technology enterprises recognized by science department of province has accumulated to the amount of 752, with output value exceeding RMB 293.608 billion, rose by 25.26% on last year’s same period. The total output value of the three leading industries - electronic information, petrochemicals and machinery manufacturing - sum up to RMB 358.7 billion, accounting for 62% of  above-scale industrial output value in all of the development zones in province.