Southeastern coastal province Fujian is making significant strides in economic development and trade, establishing itself as one of China's most affluent regions. With an impressive portfolio, Fujian boasts 38 out of the country’s 41 industrial categories, underscoring its diverse industrial base.
Over the past decade, Fujian has more than doubled its gross domestic product (GDP) to reach 5.4 trillion yuan (approximately $747 billion) in 2023, securing the eighth position among all provincial-level regions. The province also shines in terms of per capita metrics, with a GDP of 130,000 yuan (about $18,000) per capita, ranking fourth, and a per capita disposable income of 45,000 yuan (around $6,231), placing it seventh nationwide.
A key player in manufacturing, Fujian is heavily invested in the intelligent reform and digital transformation of its traditional industries. Since the beginning of 2024, the province has launched over 40 national and provincial-level industrial intelligent platforms, providing digital solutions to more than 4,000 enterprises. This shift not only modernizes the industrial landscape but also boosts productivity and innovation.
Fujian's strategic location with a sea area of 136,000 square kilometers makes it an ideal hub for the marine economy. In 2023, the province achieved a total marine production value of approximately 1.2 trillion yuan (about $166 billion) and a total output of 8.9 million tonnes of aquatic products, both of which rank among the top three in the nation.
As a pivotal platform for trade and economic cooperation, Fujian reported a foreign trade volume of 501.81 billion yuan ($69.5 billion) in the first quarter of the year, marking a 7.7 percent increase year-on-year. Exports alone surpassed 300 billion yuan (around $41.54 billion), reflecting a 12.8 percent growth and highlighting Fujian's expanding role in global trade.
Reference(s):
High-quality growth of economy witnessed in SE China's Fujian
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