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Fujian’s Construction Plan for the Core Area of the 21st Century Maritime Silk Road

On 17 November 2015, the Fujian Provincial People's Government issued the Fujian Province Construction Plan for the Core Area of the 21st Century Maritime Silk Road. The plan highlighted the province's advantages in relation to overseas Chinese resources, as well as the close Fujian-Taiwan ties, while further detailing its established coastal ports and thriving private sector. These advantages, coupled with the national “going out” and “bringing in” strategy, are expected to help promote Fujian’s international exchange initiatives, as well as to facilitate greater cooperation with the countries along the Maritime Silk Road. They are also expected to expedite the pace of the province’s own socio-economic development.

In line with the plan, by enhancing the gateway functions of the ports and airports in the province, the local government will seek to establish the Core Area as an important connective hub for the Maritime Silk Road. Action will also be taken to capitalise on the success of the China (Fujian) Pilot Free Trade Zone, enabling it to take a lead in building industrial, trade and investment cooperation with countries and regions along the Maritime Silk Road. The Zone will also be used as a means of promoting investment and trade facilitation, while also being developed into a frontline platform for trade and economic cooperation.

In addition to its construction focus and role as a platform for future cooperation, the development of the Core Area will act as the nexus of three key trading routes. These have been identified as (1) the West Route Cooperation Corridor, running southwards from the coastal ports of Fujian, down to the South China Sea and passing through the Strait of Malacca, then extending westwards across the Indian Ocean to Europe; (2) the South Route Cooperation Corridor, running southwards from the coastal ports of Fujian, down to the South China Sea and extending to the South Pacific from Indonesia; (3) the North Route Cooperation Corridor, running northwards from the coastal ports of Fujian to South Korea, Japan, the Russian Far East and North America.

Click here for a full Chinese version of the Plan.

Content provided by Picture: HKTDC Research
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