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Fujian vice governor to visit Taiwan
By Hu Meidong and Ding Xueping (China Daily Fujian Bureau)
Updated: 2009-08-05 14:03

Taiwan will be getting a visit from Chen Hua, vice governor of Fujian province, as he meets up with Taiwan petrochemical enterprisers on August 8.

Chen is also scheduled to pay a special visit to Chang Yung-fa, CEO of Evergreen Group, aimed at persuading him to invest in Mainland China

The West Strait Economic Zone has plans for construction of Xiaocuo Bay in Quanzhou's Quangang District, according to Taiwan media. The Fujian government plans to make Xiaocuo Bay the first raw material port for special plastic with a material throughput of 100 million.

Chen will also call on Lin Feng-cheng, vice chairman of KMT, to discuss whether to conduct cooperation between both sides of the West Strait Economic Zone, it was revealed.

More discussions on related matters like exchanges between Taiwan and the Minnan District will be held in a meeting led by Chen on August 12.

Fujian is now working on inviting Taiwan to invest in the petrochemical and logistics industries, along with construction in the Quangang District.

The Quangang District, located on the south bank of Meizhou Bay, facing Taiwan across the sea, is one of the first ports with open direct sailing to Taiwan.

A logistical building has been high on the agenda of West Strait Economic Zone construction plans, and Fujian hopes to attract investment from Taiwan's logistics industry, according to investment specifications and plans proposed by Fujian to Taiwan.

Currently, five 100,000-tonnage quays of the Fujian Refining & Chemical Company in Xiaocuo Bay have been built, and a 100,000-tonnage petrochemical dock which will be used exclusively for petrochemical transportation is under construction.

Fujian is now trying to talk the Taiwan petrochemical industry into investing in the Quangang District in the hope of promoting development in the West Strait Economic Zone.

The Taiwan petrochemical consortia brought a plan forward at the end of July requiring an 80:20 joint venture and signed a letter of intent with the Quangang District. The plan is now being examined and is awaiting the State Council approval.