Politics
'Do it now': Xi's policies have unleashed Fuzhou's economic potential
In December 1991, Xi Jinping and his colleagues discussed strategic planning concepts for Fuzhou. [Photo/Xinhua]
In the early 1990s, the wave of reform and opening-up accelerated. For Fuzhou, attracting foreign investment was a crucial task, especially given its geographic location and resources. However, at that time, it took several months or even more than a year for foreign investors to complete the daunting process of approving the establishment of a factory in Fuzhou, which inevitably dampened investor enthusiasm. .
Xi Jinping, who became secretary of the Fuzhou municipal Party committee in April 1990, was very concerned about the lack of awareness of openness and the cumbersome procedures. After carefully studying the situation, he proposed at a working meeting of the municipal Party committee in February 1991 the adoption of a new “Do it now” spirit, which emphasized high efficiency and practical results in the work.
With this in mind, Xi and his colleagues held several meetings with investors and tried to find the quickest possible solutions to speed things up.
In response to Fuzhou's problems attracting foreign investment, Xi developed a mechanism to carry out all investment project approval procedures in a single building. More than 20 government ministries and agencies have set up their approval offices in the same building, allowing foreign investors to complete all necessary procedures in one go. Xi also proposed holding a monthly reception for foreign investors, prompting the creation of a new mechanism to regularly resolve business issues through on-site office work.
These new policies have significantly improved Fuzhou's investment environment and unleashed its economic potential. From 1990 to 1995, the city's GDP grew from less than 10 billion yuan to more than 40 billion yuan, far exceeding the national average growth rate. Fuzhou was quickly recognized as a booming city.
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