- Language: English
- 391 Pages
- Published: October 2012
- Region: Global
Xiamen Haicang Taiwanese Investment Zone (including Xiamen Export Processing Zone)
- Published: June 2011
- Region: China
- 25 pages
- China Knowledge Press
Xiamen Haicang Taiwanese Investment Zone (Xiamen Haichang TIZ) rated “A” by China Knowledge in a research report published today. The industrial park approved by the State Council in 1989. It has an area spanning 63.16 sq km and is the nation’s largest state-level Taiwanese investment zone.
Xiamen Haicang TIZ is located in Haicang District of Xiamen, to the west of Xiamen Island, and is connected to the island via a bridge. The Xiamen Export Processing Zone (Xiamen EPZ) established by the State Council in 2000. It is located in Xiamen Haichang TIZ, 1.5 km from Haicang Dock. The dock is part of Xiamen Port, the 19th-largest port in the world.
Xiamen EPZ is 8 km from the downtown area on Xiamen Island, 10 km from Xiamen Gaoqi International Airport and 3 km from Haicang Train Station.
In 2009, GDP of the zone fell 5.08% and reached RMB 20.67 billion. The value-added industrial output amounted to RMB 13.83 billion, decreased 6.83% year on year. Xiamen Haichang TIZ encourages the development of fine chemicals, electronics, and port logistics. Economic cooperation with Taiwan is its main focus. The accumulative utilized FDI of Taiwanese enterprises in the zone are estimated to account for nearly 50% of the zone’s total. Investments were made not only in the manufacturing sector, but also in service industries like the logistics industry.
Xiamen EPZ is part of Xiamen Haichang TIZ. It encourages export-oriented high-tech industries, including electronics and information, biopharmaceuticals, fine chemicals and precise machinery. Warehousing and transportation companies that provide services to export enterprises are also allowed in the zone.
In 2009, the utilized FDI fell 36.4% to US$332 million, while the export fell 30.99% to US$2.06 billion. Forty-nine companies have agreed to invest US$320 million in total to launch their businesses in the zone. Countries and regions that are major investment sources include the U.S., the EU, Singapore, Hong Kong and Taiwan. Major investors include Black & Decker, Kodak, Spang, Hella, Magnetics, Taiwan’s Jianying Technology, and Hong Kong’s Lianda Computer.
The latest figures show that in the first half of 2010, the export value rose 40.01% to US$2.15 billion. In the first three quarters of 2010, value-added industrial output of the zone amounted to RMB 15.49 billion, up 58.48% year on year, while gross industrial output hit RMB 54.45 billion, increased by 26.96%. The utilized FDI reached US$279.31 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.
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Black & Decker, Kodak, Spang, Hella, Magnetics, Taiwan’s Jianying Technology, and Lianda Computer