Profiles of China Provinces, Cities and Industrial Parks

Major Economic Indicators

Notes:  ¹  In real terms
             ² For all state-owned enterprises and other forms with annual sales over Rmb 5 million
             ³ January-Jun of 2011    
Sources: Fujian Statistical Yearbook 2011, China’s Customs Statistics 12.2010, 8.2011 

General Background 

Fujian is located in the south eastern coast, opposite to Taiwan. It has a total area of 124,000 sq.km. Total population stood at 36.9 million in 2010. 

The Southeast Fujian（閩東南）area which comprises five cities and counties – Fuzhou（福州）, Xiamen（廈門）, Putian（莆田） , Quanzhou（泉州） and Zhangzhou（漳州）, is the economic hub of Fujian, accounting for 74.8% of the province’s GDP in 2010.

In 2004, Fujian proposed a new strategy- “Westbank Economic Zone”（海峽西岸經濟區）, a zone along the west coast of the Taiwan Straits (including parts of Guangdong and Zhejiang provinces) for socio-economic development. In May 2009, the State Council passed the Several Opinions on Supporting Fuijian Province to Accelerate Construction of the Economic Zone West of the Taiwan Straits.

Industries 

Agriculture still plays an important role, although the sector’s share in GDP has been decreasing over the years. In 2010, heavy industry accounted for 51.9% of the total industrial value-added while light industry took up the rest.

Composition of GDP (%)

Source: Fujian Statistical Yearbook 2011

Value-added Share of Leading Industry Groups (2010)

Source: Fujian Statistical Yearbook 2011

Within the tertiary sector, finance and insurance was the fastest growing industry in terms of value-added in 2010, recording an increase of 25.4%, followed by the wholesale and trade (+25.6%).

Tourism

Fujian is rich in tourism resources, such as Wuyi Mountain（武夷山）, Gulangyu Isle（鼓浪嶼）, Tailing Golden Lake（金湖地質公園）, etc. In 2010, Fujian received 114.2 million (+17.6%) domestic tourists with tourism receipts of RMB113.5 billion (+18.8%) and 3.7 million (+18.0%) overseas tourists with foreign exchange income of US$3.0billion (+14.6%). Visitors from Hong Kong increased by 4.5% to 0.9 million in 2010.

Foreign Trade

Major export markets included the US, Japan and Hong Kong. Hong Kong was the third major export market of Fujian in 2010.  Fujian’s exports to Hong Kong increased by 29.9% in 2010 to US$4.6 billion.  Fujian’s major export items included machinery and transport equipments, clothing and accessories and footwear etc.

Major import goods included machinery and transport equipments, special, scientific and controlled instruments and equipment. Major import sources included Japan, the US and Germany. Fujian’s import from Hong Kong stood at US$162 million in 2010. 

Foreign Investment 

Fujian recorded continued increase in inflow of FDI in recent years. Hong Kong is the largest source of FDI in Fujian, accounting for 61.1% of the province’s utilized FDI in 2010. Singapore, Macao, U.S. and Philippines are other major investment sources.

Many world leading multinationals such as Dell, Boeing, Nokia, Siemens, GE, Swire, TDK, ABB and Panasonic have established a presence in Fujian.

Increasing amounts of foreign investments have been channeled into infrastructure, agriculture, capital & technology-intensive projects in recent years. Given China’s WTO commitment to further liberalize its services sector, there are signs that more FDI are engaged in services. For example, the amount of contracted FDI going into “wholesale & retail trade and catering services” increased from US$152.2 million in 2005 to US$938.3 million in 2010. 

Consumer Market  

In 2010, retail sales of consumer goods rose 18.5% to RMB531 billion. Annual per capita disposal income of urban households reached RMB21,781 (+11.3%). 

Fujian’s consumer expenditure pattern is undergoing structural change, their expenditure on services, such as transportation and communications, and recreation, cultural & education have gained in relative share.

The retail landscape in Fujian is also changing. Apart from traditional department stores, various forms of modern operation such as chain stores, supermarkets, warehouse type hypermarkets and convenience stores are popular. Major overseas-invested retail enterprises in Fujian include Wal-mart from the US, Metro（麥德龍）from Germany, Carrefour from France, Osun（歐尚）from France and Trust-mart（好又多）from Taiwan.

Composition of Per Capita Consumption of Urban Household (%)

Source: Fujian Statistical Yearbook 2011 

Economic Indicators of Major Cities (2010)

Source: Fujian Statistical Yearbook 2011