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Fuzhou Economy

Fuzhou is an industrial center and seaport on the Min River. The mineral resources are abundant. Among them, the reserve of Yela Stone is in the first place in China. The resources of forests, aquatic products and electronic products are rich too. Fuzhou is the important industrial base in Fujian Province.

Fuzhou is also the communication hub both for the water transport and for the land transport. Mawei Port is the out port that is in the northern part of Ma River. It has been the port for foreign trade since the ancient times in China. Fuzhou was opened to foreign trade in 1842 as a concession to the British after China was defeated in the first Opium War. From then on until the late 19th century, Fuzhou was a major port for the export of tea. In 1980's, Mawei was built as an economy and technique development area. From then on, it has been one of the important trade ports in China. Now, it has the economic and trade relationship with about 22 countries and areas in the world.

Economic and Technological Zones in Fuzhou

Fuzhou Economic & Technological Development Zone
The Fuzhou Economic & Technological Development Zone was established in Jan 1985 by State Council, with a total planning area of 22 square kilometres (8.5 sq mi) and now has 10.1 square kilometres (3.9 sq mi) built. It is located close to Fuzhou Changle International Airport and Fuzhou Port. Industries encouraged in the zone include electronics assembly & manufacturing, telecommunications equipment, trading and distribution, automobile production/assembly, medical equipment and supplies, shipping/warehousing/logistics and heavy industry.

Fuzhou Export Processing Zone
The Fuzhou Export Processing Zone was founded on June 3, 2005 with the approval of the State Council and enjoys all the preferential policies. It is located inside the Chang'an Investment Zone of the Fuzhou Economic and Technical Development Zone (FETDZ) with a planned land area of 1.14 square kilometres (0.44 sq mi).

Fuzhou Free Trade Zone
The Fuzhou Free Trade Zone was established in 1992 by the State Council, with a planning area of 1.8 square kilometres (0.69 sq mi). Industries encouraged in the free trade zone include electronics assembly & manufacturing, heavy industry, instruments & industrial equipment production, shipping/warehousing/logistics, telecommunications equipment, trading, and distribution.[21]

Fuzhou Hi-Tech Industrial Development Zone
The Fuzhou High-tech Development Zone was set up in 1988 and approved by the State Council in March 1991. In 1995, the Fuzhou Municipal Government decided to build Baiyi Electronic Information City, which covers 1.2 square kilometres (0.46 sq mi) in the zone, making it the lead electronic industrial zone in Fuzhou. The Administrative Commission of Mawei High-tech Park was set up in the zone in 1999. It covers an area of 5.6 square kilometres (2.2 sq mi), and is in the area between Gushan Channel and Mawei Channel, Jiangbin Road and Fuma Road.

Fuzhou Science and Technology Park
The Fuzhou Science and Technology Park was established in 1988 and was approved to be a national-level zone by the State Council in 1991. The planned area is 5.5 square kilometres (2.1 sq mi) and is divided into 3 parts: the Mawei portion, the Cangshan portion, and the Hongshan portion. The main industries are electronics, information technology, and biotechnology. The zone is 7 kilometres (4.3 mi) away from the China National Highway 316 and 41 kilometres (25 mi) away from the Fuzhou Changle International Airport.

Fuzhou Taiwan Merchant Investment Area
The Fuzhou Taiwan Merchants Development Zone was approved to be established in May 1989 by the State Council. The zone is located in the Fuzhou Economic and Technological Development Zone. The zone is a commercial base for Taiwan-related development. The current area is 6 square kilometres (2.3 sq mi). The main industries are IT, metallurgy, food processing, and textiles. The zone is 11.5 kilometres (7.1 mi) away from the 316 National Highway and 52 kilometres (32 mi) away from Fuzhou Changle International Airport.