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Viewing report
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Fuqing Rongqiao Economic and Technological Development Zone (including Fuqing Export Processing Zone)
China Knowledge Press, June 2011, Pages: 25
Fuqing Rongqiao Economic and Technological Development Zone (Fuqing Rongqiao ETDZ) rated “A” by China Knowledge in a research report published today. The industrial park was established in 1987. In 2005, due to the rise of the export processing industry, Fuqing Export Processing Zone (Fuqing EPZ) was established within the zone. The two zones are located in the southwestern part of Fuqing, which is the mainland Chinese city closest to Taiwan. The opening of the new Jiangyin Port also greatly facilitates trade between mainland China and Taiwan as the new port is just 185 km away from Taichung, Taiwan and 286 km away from Keelung.
Within China itself, Fuqing Rongqiao ETDZ is also ideally situated. It is a mere 40 km from the Fuzhou Changle International Airport and 46 km from downtown Fuzhou. Two roads and highways pass through the Fuqing Rongqiao ETDZ, connecting it with Fuzhou and Xiamen.
Several parks have been set up in Fuqing Rongqiao ETDZ. These include an electronics industrial park, a photoelectronics technology park, Fuqing Export Processing Zone, Hongkuan Industrial Village and Dapu Industrial Park.
In 2009, GDP of the zone rose 5.7% and reached RMB 14.1 billion. The value-added industrial output amounted to RMB 11.2 billion, decreased 11.71% year on year. The pillar industries of Fuqing Rongqiao ETDZ are electronics, glass products, aluminum products, plastics products and food processing. Examples of key players in these industries are TPV Electronics, Fuyao Glass, Intex Lastics and Southern Aluminium.
Electronics is the most important industry in Fuqing Rongqiao ETDZ. The zone has become one of China’s major manufacturing bases for monitors. TPV Electronics, which is based in Taiwan, is the largest investor in this field. It had the highest output of computer monitors in the world. Its branch in Fuqing Rongqiao ETDZ represents its largest investment in China. In 2009, the export value of the zone fell 8.53% to US$5.17 billion, while the utilized FDI rose 46.61% to US$104 million. Taiwanese companies are the main investors in Fuqing Rongqiao ETDZ. Most of them are housed in Hongkuan Industrial Village, which is known as “the Mini Taiwan Village in Fuzhou.” Indonesia, Singapore, Malaysia, North Korea and Japan are also key sources of investment.
Due to the area’s close proximity to Taiwan, Fuqing EPZ was also set up to boost export-oriented industries. Companies dealing with photo-electronics, precise machinery, automobiles and fine chemicals have been encouraged to establish a presence in the zone. Currently, the zone’s main investors are Huacheng Auto Parts and Xintuogao Chemicals.
The latest figures show that in the first half of 2010, the export value rose 63.21% to US$4.32 billion. In the first three quarters of 2010, value-added industrial output of the zone amounted to RMB 10.03 billion, up 20.32% year on year. The utilized FDI was down 17.19% to US$71.38 million.
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