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Fujian Announces Core Area Construction Plan for 21st Century Maritime Silk Road

Fujian recently announced its Construction Plan for the Core Area of the 21st Century Maritime Silk Road. According to this plan, Fujian will support Quanzhou in building the pilot area of the 21st Century Maritime Silk Road, support Zhangzhou in giving leverage to its advantages as the centralised area for cross-Strait industrial cooperation, support Putian and Ningde in capitalising on their advantages as deep-water ports, and strengthen cooperation and exchanges with countries and regions along the Maritime Silk Road.

The core area will have four major functions: An important hub of connectivity; a pioneer platform for economic cooperation; a pilot area for institutional innovation; and a vital link for people-to-people exchanges.

The following will be the main directions for cooperation: Building the west route cooperation corridor which runs southwards from the coastal ports of Fujian down to the South China Sea, passes through the Strait of Malacca, and extends westwards across the Indian Ocean to Europe; building the south route cooperation corridor which runs southwards from the coastal ports of Fujian down to the South China Sea and extends to the South Pacific from Indonesia; and building the north route cooperation corridor which runs northwards from the coastal ports of Fujian to South Korea, Japan, the Russian Far East and North America on the basis of cooperation with Fujian's traditional partners of cooperation in Northeast Asia.

The main tasks for construction of the core area are: To speed up infrastructure connectivity, promote industrial cooperation, strengthen maritime cooperation, expand economic cooperation, cement closer people-to-people exchanges, give leverage to the strong influence of overseas Chinese, promote Fujian-Taiwan cooperation in expanding international cooperation, make innovations in the mechanism of opening up and cooperation, and strengthen safeguard policies and measures.

Content provided by Picture: HKTDC Research
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