In the early 1990s, economic exchanges across the Taiwan Strait were gradually restored under the reform and opening up policy. With its resources, labor and market, the Chinese mainland was attracting enormous interest from Taiwan’s entrepreneurs. The island quickly became the second biggest source of investment for the coastal city of Fuzhou.
But the enthusiasm of Taiwanese investors soon cooled when they were confronted with the daunting approvals process. In 1990, Xi Jinping took up a leadership position in Fuzhou. After carefully studying the situation, he proposed the adoption of a new spirit – Do It Now.
The local government’s new policy unleashed Fuzhou’s potential. From 1990 to 1995, the city’s GDP shot up to over 40 billion yuan from less than 10 billion yuan, far outstripping the national average growth rate. Fuzhou was soon recognized as a major boom town.