7 Oct 2016
Fuzhou (Fujian) City Information
|Major Economic Indicators (2015)|
|Land Area (km2)||12,154|
|GDP (RMB billion)||561.8|
|GDP Per Capita (RMB)||75,259|
|Retail Sales of Consumer Goods (RMB billion)||348.9|
|Utilised FDI (USD million)||1,679|
|Exports (USD million)||20,878|
|Imports (USD million)||12,349|
Source: Fujian Statistical Yearbook 2016
Fuzhou is the provincial capital. It was ranked the 39th most competitive Chinese city in 2016 according to the Chinese Academy of Social Sciences.
Fuzhou and Pingtan are part of the China (Fujian) Pilot Free Trade Zone that was launched in April 2015.
Fuzhou enjoys convenient transportation. The city is designated as a national hub in MOFCOM’s development plan (2015-2020) of distributive trade and logistics. The Changle International Airport in Fuzhou offers flights to major cities in the region like Bangkok, Hong Kong, Taipei and cities in China. There are two international sea ports in Fuzhou and Pingtan. Highways and railways of Fuzhou connect well with the national networks.
Though Fuzhou has a well developed industry and service sector, agriculture and fishery still accounted for 8% of the city’s GDP in 2015. Due to Fuzhou’s location by the coast and the 544 offshore islands nearby, Fuzhou has abundant marine resources.
The industry sector contributed 33% of the city’s GDP in 2015. Pillar industries include electronics and IT, machinery, textiles and garments.
The electronic and information industry is Fuzhou’s largest industry, in particular, collaborations with Taiwan’s information companies has been a major driving force for this industry. The National Development and Reform Commission has designated Fuzhou as an information industry base of the province.
Machinery has been a fast developing industry in Fuzhou. Many Taiwanese machinery companies consider Fuzhou as a key gateway to the mainland market. As such, Fuqing, a county level city in Fuzhou, set up the Taiwan Machinery Industrial Park to attract investment.
Availability of natural clean energy like hydraulic power provides key resources to develop heavy industry in the city. Some Hong Kong enterprises such as the HK Q.D. Heavy Industry Company Limited have invested in Fuzhou.
Since Fuzhou is a famous ancient city in Chinese history, its splendid history and culture help develop the tourism industry. Fuzhou has many temples, such as Baima Temple (White Horse Temple), Baofang Temple and Linchuan Jinshan Temple.
Major Industrial Parks / Development Zones
1. Fuqing Rongqiao Economic and Technological Development Zone (including Fuqing Export Processing Zone)
Target industries: Electronics, glass, aluminum products, plastics, food processing
Major investors: TPV Electronics, Shida Electronics, Fuyao Glass, Intex Lastics, Southern Aluminium, Fuqiang PCB, Huacheng Auto Part, Xintuogao
2. Fuzhou Economic and Technological Development Zone (including Fuzhou Taiwan Investment Zone, Fuzhou Free Trade Zone, Fuzhou High-tech Industrial Development Zone and Fuzhou Export Processing Zone)
Target industries: Optical, mechanical and electronic integration, electronics, bio-pharmaceuticals, machinery, metallurgy, building materials
Major investors: JVC, EPSON, NEG, LG, New Continental Computers, Power Source Communications, Straits Tianyin Computers
3. Fuzhou Yuanhong Investment Zone
Target industries: Grain and oil processing, feed processing, glass products
Major investors: Yuanhong Flour, Yinfu Oil, Yuansheng Light Industry, Xinfuxing Glass, Yimen Textile, Ruixin Garment, Yuanxiang Paper
4. Fuzhou Biomedical and Electrical Industrial Park
Target industries: biotechnology, biomedicine, modern Chinese medicine, medical equipment