China
2024.05.17 15:23 GMT+8

High-quality growth of economy witnessed in SE China's Fujian

Updated 2024.05.17 15:23 GMT+8
CGTN

Workers are pictured assembling generators at a manufacturing shop in Fuzhou, the capital of southeast China's Fujian Province, on June 17, 2023. /CFP

Located in Zhangzhou, Fujian, the China-Philippines demonstration park aims to become a bridge for China's economic and trade cooperation with the Philippines and other ASEAN countries by 2035. /CFP

Fujian is an optimal place for developing marine economy, of which marine aquaculture is a significant part. /CFP

Located in Zhangzhou, Fujian, the China-Philippines demonstration park aims to become a bridge for China's economic and trade cooperation with the Philippines and other ASEAN countries by 2035. /CFP

Terraced paddy fields provide picturesque scenery in Dehua County, Quanzhou, southeast China's Fujian Province. /CFP

Situated on the southeastern coast of China, Fujian is one of the more affluent provinces, boasting 38 of all 41 industrial categories listed by the country. It has made great strides forward in developing the economy and trade.

Over the past decade, Fujian's gross domestic product (GDP) had more than doubled to 5.4 trillion yuan (about $747 billion) last year, ranking eighth among all provincial-level regions, with the per capita GDP reaching 130,000 yuan (about $18,000), ranking fourth. During the same period, its per capita disposal income has nearly doubled to 45,000 yuan (about $6,231), ranking seventh nationwide.

Fujian is a significant manufacturing province, with traditional industries comprising a large portion of its industrial structure. Since the start of 2024, the province has been prioritizing intelligent reform and digital transformation of traditional industries. Currently, there are over 40 national and provincial-level industrial intelligent platforms, offering digital solutions to more than 4,000 enterprises.

Fujian also boasts a sea area of 136,000 square kilometers, making it an optimal place for developing the marine economy. In 2023, Fujian's total marine production value reached approximately 1.2 trillion yuan (about $166 billion), with a total output of 8.9 million tonnes of aquatic products, both ranking among the top three in the country.

The province also serves as a platform for trade and economic cooperation. In the first quarter of this year, its foreign trade volume reached 501.81 billion yuan ($69.5 billion), an increase of 7.7 percent year on year. Of that, exports exceeded 300 billion yuan (about $41.54), an increase of 12.8 percent.

(All photos via CFP)

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