New Economic Advantages

Located in the coastal area of southeast China， Fuzhou， the capital city of Fujian Province， is a famous cultural city with a history of more than 2，200 years.

With the highest green space ratio and the best air quality in China， Fuzhou， in the process of accelerating its economic development， has placed great stress on environmental protection and ecological progress and tried to improve peoples well-being and create a beautiful ecological environment. In 2012， the air quality in Fuzhou ranked third among all the countrys provincial capitals and municipalities. The citys forest coverage rate reached 54.9 percent this year， and people are never more than 10 minutes walk away from a park or a greenbelt. In the meantime， natural reserves and ecologically functional zones are well protected， with the Minjiang River estuary wetland being awarded a place in the Top 10 Charming Wetlands in China. The citys ecological environment has become one of its proudest features.

In the development of its an export-oriented economy， Fuzhou has some comparative advantages in terms of its location， ports and industries in addition to the common advantages other open coastal cities typically have.

Fuzhou is the center of the economic zone on the west side of the Taiwan Straits. Currently， cooperation and exchange between Fuzhou and Taiwan is very active.

Fuzhou has world famous deep-water ports such as Jiangyin Port and Luoyuan Port， and has 2.94 km of coastline to build berths of capacities of 100，000 tons or above.

Fuzhou Port is listed as one of the countrys main hub ports. It has 129 commercial ports， of which 43 are deep-water berths capable of handling 10，000-300，000 tons， with an annual handling capacity of over 100 million tons. Fuzhou Changle International Airport is one of Chinas most important airports， with more than 70 air routes connecting 54 cities at home and abroad. Fuzhou Bonded Port， whose establishment was approved by the Central Government in 2010， covers an area of 92，000 square km. Enjoying the same tax and foreign exchange administration policies that bonded zones and export processing zones have， the bonded port has operating rules in line with international practice.

Fuzhou has 23 key industrial parks， seven of which are national-level. The city has formed clusters of key industries such as electronic information， mechanical equipment， textiles， food， metallurgic materials， petrochemical， bio-pharmaceutical and new materials and energy. Of them， the mechanic equipment， textiles， food and metallurgic materials industrial clusters have a realized output value of 100 billion yuan （$16.27 billion）. After years of development， Fuzhou has become a center in the coastal area of southeast China with a high-level of industrial agglomeration and strong capability in its supporting facilities. It also boasts a group of market-leading companies with independent intellectual property rights.endprint

In the electronic information industry， Fuzhou has been one of the worlds most important display production bases， and TPV Electronics Fujian Co. Ltd. is the worlds largest computer displayer producer. Computer chips produced by Fuzhou Rockchip Electronics Co. Ltd. represent the highest level of Chinese-made chips， which have the biggest market share of tablet chips in the world. In the software industry， Fuzhou Foxit Software Co. Ltd. is in a world-leading position in the e-book software development platform technologies market， holding 80 percent of the global market share.

In the mechanic equipment industry， Fuzhou is in a leading position of the country with its special enameled wire technology， and it ranks first in China for the exports of small and medium-sized internal combustion engines and power-generating equipment.

In the textile industry， Fuzhou is one of the countrys premium producers of warpknitted and polyester blended fabric， and Changle County of Fuzhou is one of the countrys three biggest production bases for warp-knitted fabric.

Among the first 14 open coastal cities in China， Fuzhou is one of only two provincial capitals. Its also the only provincial capital in the economic zone on the west side of the Taiwan Straits. As a provincial capital， Fuzhou has dense flows of people， goods， capital and information and well developed resources in terms of science and technology， education and culture. In terms of developing modern service industries， advancing innovation and nurturing emerging strategic industries， Fuzhou has a greater number of potentials and advantages than other cities.

In recent years Fuzhou has made an effort to carry out a strategy of opening up， making new friends， and collecting resources from home and abroad.

At present， the State Council is encouraging coastal cities in east China to take a leading role in the development and support of Fujian in order to accelerate construction of the economic zone on the west side of the Taiwan Straits. Grasping this opportunity， Fuzhou has strengthened contact with state-owned enterprises under the Central Government， private enterprises and foreign- invested enterprises and received 679 projects from them， with intended investment of more than 1 trillion yuan （$163.6 billion）.

Fuzhou has formulated a series of policies to accelerate development of modern logistics， financial， e-commerce， service outsourcing， tourism and cultural industries. In the meantime， Fuzhou has made an effort to implement a talent strategy and has accelerated establishment of the countrys first comprehensive national-level experimental zone of talent introduction， offering favorable policies to talent coming to Fuzhou， including support for startup funds， financial support for research project， return of individual income tax， guarantee of housing， the employment of spouses of employees and entrepreneurs and the education of their children.

Fuzhou has attached great importance to the development of industrial parks， especially in the area of introducing parks for emerging industries. Based on industrial development， Fuzhou aims to introduce projects and highprofile talent， conforming to the development plans of the city.

Fuzhou tries to set up the best possible environment for investment and make the city an attractive investment destination. Detailed measures include comprehensively deepening reform of the administrative examination and approval system by reducing the number of items subject to approval， simplifying examination procedures and improving the efficiency of administrative approval； setting up an administrative service center， and providing quality one-stop services to enterprises and talent.endprint