Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Green light for Fujian free zone

Shanghai: Xiamen International Port Co, operator of the biggest harbour in China's Fujian province, is celebrating after the central government approved a Taiwan-focused economic zone.
The State Council, China's cabinet, gave its in-principle approval to the creation of an economic zone on the western shore of the Taiwan Strait, according to a statement on Monday.
"Fujian province plays a central role in the economic zone as it is geographically close to Taiwan, has close kinship and cultural ties, and commercial relationships with the island," according to the statement.
The State Council's approval follows last week's decision by Taiwan to allow Chinese investment in the island for the first time since a civil war ended six decades ago. [06/05/09]


Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish