Fujian

Fujian is located on China's southeastern coast and is the closet point in mainland China to Taiwan. Its area is equivalent to the size of Greece and Fujian has the highest forestry cover in China. In terms of spending power total retail sales for province were roughly equivalent to Shanghai or Beijing.

Fujian has been a major beneficiary of foreign direct investment especially from overseas Fujianese and Taiwanese but now that it is no longer the only point of access to Taiwan it is losing out on investment to Jiangsu and Guangdong. Major industries include petrochemicals, machinery and electronics. Its tourism sector has seen very strong growth and continues to be one of the brighter spots in the Fujian economy.

Fujian's GDP grew 11.4% to RMB1.97 trillion in 2012. Its most recent 5-year plan calls for at least 55% of GDP growth to come from the industrial sector as well as having 50 companies with annual sales of RMB10 billion by 2015.

Fujian Quick Facts
  • Area
    121,400 km2
  • Population:
    36270000
  • Population density:
    291 people/km2
  • Gross domestic product:
    1473.7 billion RMB
  • GDP per capita:
    40025 RMB
  • GDP growth:
    13.90%
  • Fixed Asset Investment:
    827.3 billion RMB
  • Utilized Foreign Direct Investment:
    5.8 billion US$
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Top 5 Fujian Companies
    • Industrial Bank Co (SHA: 601166) is a Fuzhou-based commercial lender that does business across the nation. It posted RMB43.46 billion in revenues and RMB18.52 billion in net profits for 2010.
    • Zijin Mining Group Co (SHA: 601899) is a gold and base metals explorer. It posted RMB28.54 billion in revenues and RMB4.83 billion in net profits for 2010.
    • Sanan Optoelectronics Co (SHA: 600703) is a leading producer of LEDs. It posted RMB862.61 million in revenues and RMB419.27 million in net profits for 2010.
    • Fuyao Glass Industry Group Co (SHA: 600660) is a manufacturer and distribution of automotive, decoration and industrial glass. It posted RMB8.51 billion in revenues and RMB1.79 billion in net profits for 2010.
    • Xiamen C&D Inc (SHA: 600153) is engaged in operation of supply chains, property development and industrial investment conglomerate. It posted RMB66.1 billion in revenues and RMB1.75 billion in net profits for 2010.

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Fujian Economic and Technological Development Zones

    Dongshan Economic and Technology Development Zone
    Fuzhou Economic & Technical Development Zone
    Fuzhou Free Trade Zone
    Fuzhou Hi-Tech Park
    Fuzhou Taiwan Merchant Investment Area
    Jimei Taiwan Merchant Investment Area
    Meizhou Island National Tourist Holiday Resort
    Wuyi Mountain National Tourist Holiday Resort
    Xiamen Export Processing Zone
    Xiamen Free Trade Zone
    Xiamen Haicang Economic and Technological Development Zone
    Xiamen Torch New & Hi-Tech Industrial Development Zone
    Xinglin Taiwan Merchant Investment Area


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