USEUROPEAFRICAASIA 中文双语Français
Home / Advertorial

Foreign investment propels regional GDP, opening-up

By Yuan Shenggao | China Daily | Updated: 2018-09-08 06:53

Fujian, one of the earliest movers in promoting opening-up in China, has become one of the top investment destinations for its strong market vitality and potential.

The region has reported strong economic growth over the past 40 years. The province's GDP reached 3.23 trillion yuan ($473 billion) in 2017, an increase from only 6.64 billion yuan in 1987, according to local officials.

Fujian has established economic and trade links with more than 220 countries and regions. It has attracted more than 50,000 foreign companies to the province.

The region has become a gathering place for Fortune 500-listed companies. It is home to 204 projects that were developed by companies on that list.

Foreign capital has become a key factor in propelling Fujian's economic development. In 2017, foreign companies contributed 34.8 percent in industrial added value.

Supported by increasing foreign investors, Fujian has seen significant growth in sectors such as electronic information, petrochemicals and mechanical equipment manufacturing. It has established complete industrial chains in those sectors.

In addition, some industry leaders in emerging industries such as new materials and new energy have given a strong boost to Fujian's economic upgrade and transformation. Some multinational companies' technological support has also boosts regional industrial development.

Fujian's government has taken a series of measures aimed at attracting more foreign capital in recent years.

In June, it unveiled two plans by learning from Shanghai and Beijing, which provide a better business environment to foreign investors.

It also continues to improve its working mechanisms to further promote opening-up and attract investment. Fujian's Department of Commerce has established six offices to deal with investment-related matters in regions including Asia and Europe. The offices will help businesses obtain investment information, establish communication platforms and strengthen links with leading industry players.

Fujian has also paid close attention to attracting businesses that can support key industries such as chips and integrated circuits in the region, thereby supporting the area's complete industrial development.

In recent years, Fujian has utilized its existing trade platforms such as the annual China International Fair For Investment and Trade, and continues to develop new platforms to introduce the region to more potential investors.

The China (Fujian) Pilot Free Trade Zone also plays an irreplaceable role in serving Fujian's opening-up.

Foreign investment propels regional GDP, opening-up

(China Daily 09/08/2018 page6)

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US