Fujian to spend 3 trillion yuan on 490 key projects
Fujian province has listed 490 key projects for 2015, with an accrued investment of up to 3 trillion yuan, Xinhua News Agency reported on Jan 15, citing the provincial government.
357 of those projects are under construction. They add up to a gross investment of 2.2 trillion yuan, of which 350 billion will be realized in 2015.
Fujian also plans to launch 133 new key projects with a total investment of 842 billion yuan.
Among the 357 projects being built, 128 are in the industrial sector, 87 in services, 65 in transportation, 58 in urban construction and ecological preservation, 10 in agriculture, forestry and water conservancy and 9 in energy.
As for the 133 projects in preparation, 54 are in the industrial sector, 24 in transportation, 22 in services, 10 in urban construction and ecological preservation, 8 in energy and 6 in agriculture, forestry and water conservancy.
Why Xiamen
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Xiamen is one of the most economically competitive cities in China and was one of the first Special Economic Zones on the Chinese mainland. As a vice-provincial city independently listed on the State development plan, it has provincial-level authority in economic administration and local legislative power. In 2010, the Xiamen SEZ was expanded to cover the entire municipality. Today, Xiamen is a modern and international port city.