Economic Zone in Pingtan Island China

Pingtan Island, a comprehensive economic zone on the western side of the Taiwan Strait, has received huge investments since the Chinese mainland decided, in 2009, to develop it into a pilot area for cross-strait cooperation.

According to figures revealed on Monday, the mainland aims to channel 60 billion yuan (9.53 billion U.S. dollars) to develop the zone this year, targeting an overall investment of 250 billion yuan during the 2011-2015 period.

Investment in the area amounted to 10 billion yuan in 2010 and 30.35 billion yuan in 2011, said Sun Chunlan, Communist Party chief of southeast China’s Fujian Province, where the island is located.

The generous support for Pingtan, the mainland’s fifth-largest island and the closest one to Taiwan, is part of government efforts to build special zones along the western side of the Taiwan Strait to facilitate exchanges between the two sides.

Sun said Fujian has launched recruitment projects aimed at attracting and cultivating talents from both at home and abroad.

She said the province placed great emphasis on the development of high-tech industries, pumping huge sums of money into the building of industrial parks.

The Pingtan Scientific and Technology Park, with an investment of 1.64 billion U.S. dollars, has seated 10 Taiwan-invested enterprises, Sun said.

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