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Fuzhou FTZ attracts more domestic and foreign investors
Updated: 2015-03-27

Fuzhou FTZ attracts more domestic and foreign investors

An Australian delegation headed by Sue Hickey (R3), the mayor of Hobart, Tasmania, visits the Fuzhou FTZ on March 26. [Photo/fznews.com.cn]

An increasing number of foreign investors and enterprises are showing interest in China (Fujian) Pilot Free Trade Zone (FTZ). The zone has recently hosted a number of visiting dignitaries and business representatives.

An Australian delegation headed by Sue Hickey, the mayor of Hobart, Tasmania, visited March 26 the Fuzhou section of China (Fujian) Pilot Free Trade Zone to discuss mutual business cooperation opportunities with the city, the Fuzhou Daily reported.

"Apart from the free trade agreement between Australia and China, we are also interested in the Fujian FTZ," said Hickey, who is optimistic about the cooperation prospects between the two cities.

Just a few days before that visit, the heads of one of Germany's largest food companies Edeka and the US second largest food retailer Costco also paid an exploratory trip to Fuzhou. Both of them announced they will build cross-border e-commerce free trade platforms in the city and exploit the Chinese market by taking advantage of the FTZ.

Apart from foreign investors, some domestic enterprises also show interest in the FTZ. On March 18, the Linca Industrial (Fujian) Group Co and Fuzhou Free Trade Port reached a cooperation agreement on the construction of logistics parks for reputable foreign products and imported medical equipment as well as a commercial center.

According to some statistics, the number of enterprises and institutions applied to settle in the Fuzhou FTZ has currently exceeded 400. With a total registered capital of more than 10 billion yuan ($1.6 billion), those companies operate in such fields as financial lease, cross-border e-commerce, service outsourcing and banking.

Edited by Mevlut Katik