By DUAN RUOLAN Express staff
Facing Taiwan across the water, Putian, a city in Fujian Province, is taking full advantage of its geographic location to attract investors from the island province.
    "Taiwan investors contributed to 40 per cent of the city's total overseas investment in 2001, which hit US$4.98 billion in terms of contracts signed," said Yuan Jingui, the city's Party secretary.
    As the city boasts a natural deep-water harbour that can hold 100,000-tonnage ships and a 30.9-kilometre-long coastline that can accommodate 150 berths of 10,000-tonnage ships, its shipping industry is rapidly propelling the local economy.
    And as the birthplace of Mazu, goddess for the sea, who is worshiped by 200 million people around the world including millions in Southeast Asian countries, Australia and Taiwan, Putian has another unparalleled advantage in attracting visitors or investors.
    "The city has set up six industrial zones for its major sectors of shoe-making, textiles and garment-production, food, electronics, machinery, medicine, chemicals, and power generation.
    And they are awaiting investors," said Li Huilong, director of the city's planning and development committee.
    To improve government services to investors, the construction of an investment service centre will soon begin, according to Yuan. It will offer free information to investors about business possibilities in the city.
    In addition, it will help investors during their applications to start and conduct business.
    Shoe-making: This sector dominates the city's industry and exports by yielding an output of 6.29 billion yuan (US$760 million) in 2002.
    The local government is encouraging investors to join in the industry's renovation and upgrading so the city can become the country's major shoe-maker .
    Food: The sector achieved an output of 2.66 billion yuan (US$321 million) last year.
    Business insiders are taking measures to turn the sector's structure into an export- orientated industry.
     Chemicals: Tyres and plastic goods are the major products in the sector.
    The city produced 4.38 million tyres and 480 tons of plastic products last year.
    Investment in projects like bioengineering, plastics, textiles and synthetic rubber is encouraged by the government.
    Power: The city produced 3.954 billion kilowatt-hours of electricity in 2002.
    The Meizhou Bay Thermal Electric Station and the Putian Liquefied Natural Gas Power Plant are presently under construction.
 
 
A foreign participant ponders about business opportunities at a seminar highlighting the Beijing Economic nd Technological Development Zone held yesterday in Xiamen.
 
By HU MEIDONG Express staff
Being the capital's only State-level economic and technological area, the Beijing Economic and Technological Development Zone was established in Yizhuang after getting approval from the Ministry of Science and Technology.
    Until August, the zone had approved 1,279 enterprises, including 316 which had overseas backing. Overall investment in the zone had reached US$5.4 billion.
    Boasting the capital's advantages in information, economics, personnel and politics, the zone is optimistic about its chances of picking up overseas investment during the ongoing trade and investment fair.
    With its advantageous characteristics, the zone is trying to tempt the world's top 500 business names and the country's leading 100 companies to settle in Beijing.
By XIAO DUAN Express staff

Situated in East China and facing the Korean Peninsula and Japan, Shandong Province is undoubtedly a good choice for decision-makers who are considering industrial transfers to take the very best profits out of their businesses.
    Fortunately for them, the province is ready to accept huge sums of overseas capital after the rapid and healthy development of its economy and society over the past decades.
    The province, with its gross domestic product, residents¡¯ saving deposits and industrial sales volume all hitting 1 trillion yuan (US$120 billion) , has already proved to be a wonderland for overseas investors due to its well developed infrastructure, preferential policies and favourable systems.
    It is no surprise, then, that the province presently has 10 enterprises each of which has annual sales volumes above 10 billion yuan (US$1.2 billion).
    "The province is working towards building the country¡¯s manufacturing base in the three cities of Qingdao, Yantai and Weihai," Sun Shoupu, Shandong¡¯s vice-governor, said yesterday during a press conference in Xiamen.
    Zhou Jiabin, director of the province¡¯s Foreign Trade and Economic Co-operation Commission, said:"The provincial government supports the construction of five groups of dominant industries in the manufacturing base." They are transportation, electronic information and home appliances, textile and garment making, chemical and medical industries and the food industry.
    In consolidating its transport industry, the government is pushing the automobile and ship-making sectors to produce products ranging from huge oil tankers and container ships to barges, cars, special vehicles and parts, to name but a few.
    Investment in the electronic information industry, including computers and accessories, industrial automatic equipment, optical fiber communication equipment and accessories, mobile communication facilities and digital home appliances, is given special treatment to allow the province to retain its dominating position in China.
    In building up its food industry, which mainly involves ocean, grain and meat products, fruit, beverages, beer and wine, the province is attaching importance to guiding producers to improve production processes and add value to their products in a bid to increase their ability to compete internationally.

 

Fujian showcases its famous teas during the Seventh CIFIT.
By RUO LAN Express staff

Of the approximately 40 forums and seminars being held during the Seventh China International Fair for Trade and Investment, the Seminar on Intermediate Organizations and Investment Promotion has attracted wide attention because it was the first of its kind to be held in China.
    Sponsored by the Department of Foreign Trade and Economic Co-operation under the Guangdong People¡¯s Provincial Government, and co-sponsored by the German Chamber of Industry and Commerce and the Canada China Business Council, it got the attention of law firms, accounting firms and intermediaries.
    George Chen, vice-chairman of the Unipro (Guangzhou) Investment Management Co Ltd, Kwon Moon Tae, CEO of BSE China Co Ltd, a Korean-invested company, and a representative from Hong Kong-based Stevenson, Wong & Co were among those who delivered speeches.
    "Being a Korean who has business operations in China, I personally think it is highly important that the Chinese Government should recommend proper and qualified intermediate companies to me so my business can work in the Chinese market more efficiently," said Kwon.
    Echoing Kwon, Chen expressed his points of view regarding his understanding of the roles an intermediate company should play.
    "Intermediate companies are assistants to the government in helping the latter improve the investment environment and in bringing in trade and investment," said Chen.
    In this way, the government can focus its attention on making policies, approving projects, promoting regional images and applying measures to attract investment.
    It is the intermediate companies¡¯ responsibility to handle such services as market investigation, project programming and tackling the difficulties being encountered by enterprises, said Chen.
    According to Chen, intermediate companies act as a bridge linking investors and the government.
    During the past three years, Chen¡¯s company has helped introduced nearly US$1.3 billion of investment in terms of contractual volume.
    The investment covers everything from steel and biomedicine to food and supermarkets.
    "Even so, intermediate fees are not my company¡¯s only income," said Chen.
    According to Chen, his company set up a series of joint ventures in the process to help its clients raise capital or find business partners.