Fujian - Xiamen Haicang Taiwanese Investment Zone (including Xiamen Export Processing Zone)

Xiamen Haicang Taiwanese Investment Zone (including Xiamen Export Processing Zone)

Facts&Figures (2007)

Source: Administration Committee of Xiamen Haicang Taiwanese Investment Zone

Introduction

Xiamen Haicang Taiwanese Investment Zone (Xiamen Haichang TIZ) was established by the State Council in 1989. It has an area spanning 63.16 km², and is the nation's largest state-level Taiwanese investment zone. It is located in the Haicang District of Xiamen City, to the west of Xiamen Island, and is connected to the island via a bridge across the sea.

Xiamen Export Processing Zone (Xiamen EPZ) was established by the State Council in 2000. It is located in Xiamen Haichang TIZ, 1.5 km away from the Haicang Dock. The dock is part of Xiamen Port, where plans to build 36 berths above the 10,000-ton level are underway. The annual throughput of the Xiamen Port is estimated to reach 90 million tons by the end of 2008. The Haicang Free Trade Port zone is China’s sixth free trade port zone.

Xiamen EPZ is 8 km away from the downtown area on Xiamen Island, 10 km from Xiamen Gaoqi International Airport and 3 km from Haicang Train Station.

Investment Climate

Xiamen Haichang TIZ encourages the development of fine chemicals, electronics, and port logistics. Economic cooperation with Taiwan is its main focus. By the end of 2007, there were 126 Taiwanese invested projects, with a utilized investment of US$2.2 billion, accounting for 50% of the total utilized investment in Xiamen Haichang TIZ. Investments were made not only in the manufacturing sector, but also in service sectors like the logistics industry.

Xiamen EPZ is part of Xiamen Haichang TIZ. As an export processing zone, 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 the export enterprises are also allowed in the zone.

From January to July 2008, the industrial output of Xiamen EPZ reached RMB 1.4 billion, up 38.5%. The total import and export grew by 39.0% to US$316.7 million, of which export accounted for US$198.0 million.

Presently, 49 companies have agreed to launch their businesses in the zone, with a total investment of US$320 million. Countries and regions that provide major investment sources include the U.S., 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.