An aerial photo of Xiamen, Fujian province. [Photo/CFP]

Fujian province has released a plan for business development during the 14th Five-Year Plan (2021-25) period.

The plan requires Fujian province to coordinate commercial development and security, as well as promote the coordinated development of domestic and foreign demand, imports and exports, two-way investment, and the development of urban and rural areas. It also focuses on promoting the formation of a strong domestic market, as well as improving the province's level of reform and opening up.

According to the plan, Fujian has set the goals of striving to achieve an average annual growth of 6.5 percent in total retail sales of consumer goods, an average annual growth of 14.9 percent in online retail sales, as well as an average annual growth of 5 percent in total imports and exports. It also aims to increase the proportion of exports of new types of foreign trade from 6.99 percent in 2020 to 10 percent in 2025, while also striving to have the actual use of foreign capital accumulated to 190 billion yuan ($29.22 billion) and actual foreign investment totaling $16.2 billion in five years.

In addition, the plan has put forward eight major tasks for the province's business development in eight aspects, which are: to serve and integrate into the new development pattern; to promote the expansion and upgrading of domestic trade circulation; to promote innovation and development of foreign trade; to improve the quality and efficiency of foreign investment; to operate the Fujian Pilot Free Trade Zone well; to improve the level of outbound investment and cooperation; to deepen economic and trade cooperation among Fujian, Taiwan, Hong Kong, and Macao; as well as to improve the quality and efficiency of port customs clearance.