An island city situated off Fujian province's eastern coast. Pingtan is the closest place on the Chinese mainland to Taiwan.
Pingtan is part of the China (Fujian) Free Trade Zone with an emphasis on further opening-up cross-Straits communication.
Pingtan has rolled out a series of innovative and preferential policies to attract cross-Straits enterprises and residents to settle down in the city.
As of July, 2017, Pingtan was home to more than 3,000 Taiwan residents and 863 Taiwan companies including TPK, a leading touch solution provider across the world.
In addition, the city is also seeing a boom in tourism development as it's actively building itself into an international tourism island.
In 2017, Pingtan received a total of 3,872,200 tourists and generated 2.9 billion yuan in revenue, up 27.2 percent and 46.6 percent over the previous year respectively.
The city plans to invest 20 billion yuan ($2.9 billion) to boost its industrial development during the 13th Five-year Plan period (2016-2020), according to the industrial development conference held in the city on Feb 28, 2017.
In 2019, Pingtan's GDP registered 25.43 billion yuan ($3.58 billion), up 8.7 percent year-on-year, official data shows.
The government is set to prioritize the development of the tourism, finance, shipping, logistics, construction, wind power, exhibitions and conferences, and information technology industries, and establish what it calls a characteristic industrial system by 2020.