Fujian - Xiamen Modern Logistics Park

Xiamen Modern Logistics Park (including Xiamen Xiangyu Free Trade Zone, Xiamen Xiangyu Free Trade Logistics Park)

Facts&Figures (2007)

Source: Administration Committee of Xiamen Modern Logistics Park

Introduction

Xiamen Modern Logistics Park (Xiamen MLP) is located by the coast in the northwest of Xiamen Island, adjacent to the 319 National Highway, the Xiamen-Yingtan Railway and the Xiamen Gaoqi International Airport.

The park consists of four segments: the Xiamen Xiangyu Free Trade Zone (Xiamen Xiangyu FTZ), the Xiamen Airport Industrial and Logistic Park, the Xiamen Xiangyu Free Trade Logistic Park (Xiamen Xiangyu FTLP), and the Xiamen Dongdu Port Zone.

Xiamen Xiangyu FTZ was established by the State Council in 1992. It has a planned area of 5 km², of which 0.63 km² was dedicated to the first phase of its construction. It commenced operations in November 1993.

Xiamen Xiangyu FTLP was set up by the State Council in 2004. It has a planned area of 0.7 km². The first phase of construction had a total area of 0.26 km². The park commenced operations in March 2006.

Investment Climate

The pillar industries of Xiamen Xiangyu FTZ are international trade, export processing and transit trade. From 2003 to 2007, the accumulated export and import reached US$12.4 billion, accounting for 10% of the city's total foreign trade during the same period. Within this figure, export amounted to US$9.1 billion, with an annual growth of 12.1%.

Presently, over 1,000 companies from 21 countries have launched their businesses in the zone. Major investors include Micron, Baxglobal, Maersk, YCH, New World, Sinotrans and Kerry EAS. Most of the zone’s investments come from overseas and domestic logistics companies.

Logistics are a focus of the Xiamen Xiangyu FTZ. A comprehensive logistics system has been set up in Xiamen Xiangyu FTZ, including transportation, warehousing, packaging, distribution and information services. Major businesses in this sector include the distribution of electronics and machinery products, stone products, and the transportation of containers.

The Dongdu Port Zone has a coastline of nearly 4 km, and is the body section of Xiamen Port. It has 18 deep water docks and is one of the main ports for container transportation. Thanks to the coupling of the free trade zone and the port zone, the efficiency of the loading and unloading process has been improved and transportation costs have been lowered.