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Fuzhou Economic and Technological Development Zone (including Fuzhou Taiwan Investment Zone, Fuzhou Free Trade Zone, Fuzhou High-tech Industrial Development Zone and Fuzhou Export Processing Zone)
China Knowledge Press, June 2011, Pages: 25
Fuzhou Economic and Technological Development Zone (Fuzhou ETDZ) rated “A” by China Knowledge in a research report published today. The industrial park consists of five state-level development zones. It is the only development zone in China that has five zones combined into one. In addition to the economic and technological development zone, the four other zones are: Fuzhou Taiwan Investment Zone (Fuzhou Taiwan IZ), Fuzhou Free Trade Zone (Fuzhou FTZ), Fuzhou High-Tech Industrial Development Zone (Fuzhou HIDZ) and Fuzhou Export Processing Zone (Fuzhou EPZ).
Fuzhou ETDZ is located in Mawei District about 15 km southeast of the city’s downtown area at the mouth of the Min River, near Fuzhou Port. One of the main ports in Fuzhou, Mawei Port, is located in Fuzhou ETDZ. It is 276 km from Taiwan’s Keelung Port.
Besides being accessible by sea, the zone is also very accessible by road, air and rail. Two highways pass through Fuzhou ETDZ, connecting it with the highway network in Southeast China. The zone is also a mere 25 km from Fuzhou Airport. In addition, the nearby Fuzhou-Mawei Railway is a major transportation line.
In 2009, GDP of the zone rose 15.35% and reached RMB 22.8 billion. The value-added industrial output amounted to RMB 15.87 billion, rose 15.96% year-on-year. Optical mechanical-electronic integration, electronics, biopharmaceuticals, machinery, metallurgy and building materials are the pillar industries in Fuzhou ETDZ.
Fuzhou ETDZ is also the top choice for investment in Fujian among Fortune 500 companies. Over 20 Fortune 500 companies have already invested in the zone. In 2009, the utilized FDI rose 14.26% to US$157 million, while the export rose 8.11% to US$1.67 billion.
The latest figures show that in the first half of 2010, the export value rose 66.15% to US$1.52 billion. In the first three quarters of 2010, value-added industrial output of the zone amounted to RMB 11.9 billion, up 18.9% year on year. The utilized FDI rose 23.55% to US$159.8 million.
Industrial parks rated A have above-average investor appeal. Basic conditions are adequate, but improvements are still needed in some areas. There are 50 single A rated industrial parks among 254 rated by China Knowledge since 2003.