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FUZHOU: The State Council has recently approved the expansion of Xiamen Specialized Economic Zone to the entire urban district, said Sun Chunlan, party secretary of Fujian province.
The announcement was made following the policies published a while ago which entitle some regions in Fujian special authorities with Taiwan investment. The expansion was to build a regional financial center and to test some major reform measures to be released.
Xiamen Specialized Economic Zone located at the Southeast coast of Fujian province, facing Taiwan Island across the strait. The urban district area of Xiamen city is 1,516 sq-km, including the Xiamen Island and Gulangyu Island, in which the current Specialized Economic Zone occupies 131 sq-km.
Meanwhile, the expansion of current Taiwan investment areas in Fuzhou and new ones being built in Quanzhou is also underway
Fujian will closely follow the new rules and act as a hinge to bring Fujian and Taiwan together at all levels, Sun said.
By Humeidong and Wei Tian
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