Pilot FTZ in Fujian attracting overseas investors

Fujian's pilot FTZ is fast emerging as a destination for global investors, giving the city strong momentum to drive China's economic growth, said a local government official.

Zhong Muda, deputy head of the Department of Commerce of Fujian province, said China (Fujian) Pilot Free Trade Zone is going to attract investment and strengthen trade ties with other countries, thanks to the area's work in enhancing its business environment.

"Although Fujian's pilot FTZ takes up less than 1/1,000 of the province's total space, it has attracted nearly half of Fujian's newly established businesses with capitals from Taiwan and overseas, within four years since the pilot FTZ started operations," said Zhong.