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 | Tuesday, April 18, 2000, updated at 17:21(GMT+8) | ||||||||||||
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90% of Taiwan-funded Enterprises in Xiamen Make ProfitsXiamen has become an important channel for Taiwan compatriots to invest in China's mainland, Zhu Yayan, deputy governor of Fujian Province and mayor of Xianmen, said to the media on April 12. Xiamen has introduced 1,676 Taiwan-invested projects, said Zhu, most of which have got better returns on investment, with 90 percent of the enterprises being profitable.Zhu Yayan disclosed the news at the Fourth Trade Fair on Xiamen's Export Commodities to Taiwan and the Cross-Strait Electromechanical Products Trade Fair, which was opened on April 12. It is reported that since the Xianmen Special Economic Zone was established, it had been making unremitting efforts to create a favorable environment for the economic and trade cooperation with Taiwan, improve services, set up Taiwan investment zones, carry out the pilot work of direct shipping across the Strait, so as to integrate Taiwan's capital, equipment and management with the market, labor and talents of China's mainland. The large Taiwan-invested enterprises established in Xiamen in the early period, such as Xiamen Xiang Lu, Xiamen Zheng Xin and Xiamen Tsann Kuen, have not only enjoyed prosperous production and sales, but have also increased investment to expand production in recent years. After increasing its investment in Xiamen for four times, Xiamen Zheng Xin's contracted foreign funds have jumped from US$ 20 million to US$ 150 million, making it a major exporter and tax-payer in Xiamen. Xiamen Xiang Lu has become the largest exclusively foreign-funded enterprise in the country's chemical fiber industry. Xiamen Tsann Kue, after several times of investment expansion, achieved a sales volume exceeding US$ 200 million last year, the sales volume of major products ranked first in the world. Meanwhile, there have been more than several thousand Taiwan-funded projects introduced to China's mainland through Xiamen Port in past years. Zhu Yayan said that a favorable situation characterized by mutually beneficial and complementary cross-Strait economy, and common prosperity and development has appeared in Xiamen. In the years ahead, Xiamen will continue to play its important role as a window and base for economic and trade cooperation with Taiwan by using its unique geographical location and infinite commercial opportunities.
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