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Economy

China plans industrial zones to lure Chinese diaspora in Asia

Fujian province aims to attract companies from Indonesia and the Philippines

The Chinese city of Fuzhou is building this industrial park with the cooperation of Indonesia. (Photo courtesy of the Fuzhou municipal government)

BEIJING -- China will establish two industrial zones in Fujian province designed to bring in businesses owned by ethnic Chinese entrepreneurs living in Indonesia and the Philippines.

Fujian's capital, Fuzhou, will host a China-Indonesia joint demonstration zone for innovation, according to a notice released by the State Council, China's cabinet. The city of Zhangzhou, also in Fujian, will house the China-Philippines joint demonstration zone.

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