Fujian Economy
I. General Situation of Fujian Economic
Fujian GDP
The Fujian province brought a total output value of RMB 656.893 billion in 2005. The increments in the primary, the secondary and the tertiary industries was respectively RMB 83.108 billion, RMB 320.026 billion and RMB 253.759 billion. In 2008, Fujian GDP reached 1.08 trillion, which rank 12th in China.
Per Capita GDP
Per capita regional GDP reached RMB 30,123 (2008 data)
II. General Resources in Fujian
Fujian Mineral Resources
Fujian already proved the reserves of 86 kinds of minerals (including sub minerals). Among them,energy minerals include 3 kinds, such as anthracite coal, sodium and subterranean heat; 34 kinds of metal minerals;47 kinds of non-metal minerals and 2 kinds of mineral water. There are also large quantities of other minerals such as gold, silver, lead, zinc, manganese, kaolin, cement limestone, granite, alum stone, pyrophyllite and sulphur. The reserves and quality of quartz sand in Fujian are among the best of the whole country.
Natural Resources
Fujian is one of China's key forest regions. The forested areas are more than 100 million acres with a coverage of 57.3% of the province, which is the highest in China. Forest resources are very abundant and the categories of trees are numerous.
The ocean resources are extremely rich. There are 6.19 million acres of shallow sea, 2.99million acres of beaches and fi ve large inshore fishing grounds, where there are about 3,000 marine species with 750 types of fishes, occupying the half of the national ocean fisheries. Particularly, categories of marine products resources are abundant, the existing species represent more than 50% in the world.
Water Resources
Rivers densely cover much of the Fujian province, so the water resources are quite rich. There are more than 500 rivers with a coverage area of above 50 square kilometres. They mostly flow within theprovince's boundaries, but have great capacities of water. In theory, the potential electric power that could be generated could reach 10.46 million kilowatts. Currently, the amount of power that can be generated is 7.05 million kilowatts, which resides the first in the eastern part of China.
III. General Situation of Agriculture in Fujian
In 2005, the total output value of Fujian's agriculture, forestry, animal husbandry and fishery was RMB 139.615 billion. The grain growing area is 1.4413 million hectares, and its total yield reaches 7.1518 million tons. The planting area of cash crops is 1,040,000 hectares. The marine products output is 6,022,200 tons. The forestation renewal total area is 104,800 hectares.
IV. General Situation of Industry in Fujian
In 2005, the gross value of industrial output in the Fujian Province was RMB 999.589 billion. The increment of industry was RMB 284.243 billion, occupying 43.3% in the whole provincial GDP. The three big leading industries of electronics, petrochemicals and machinery, increased RMB 85.814 billion in value. Traditionally dominantin dustries such as textile , metallurgy and building materials increased RMB 45 billion in value. Large scale industrial enterprises realized profits of RMB 40.755 billion.
V. General Situation of Business in Fujian
Fujian Imports and exports
The total amount of imports and exports in the Fujian province in 2005 was USD 54.431 billion, increasing 14.5% from the previous year. The amount of exports was USD 34.845 billion and the amount of import was 19.586 billion.
Foreign investment utilization
In 2005, the Fujian province approved 1,988 foreign-invested enterprises with USD 5.957 billion contracted foreign capital, and actually used FDI of USD 2.608 billion in that year. Among them, the approved projects with total investment of more than ten million dollars were 294, and contracted foreign capital was USD 3.071 billions.
Overseas investment
There were 66 enterprises with approval to invest abroad. Their total amount of agreed investments was USD 105.1863 million. The amount of USD 195 million of foreign contracted projects were completed, and the amount of foreign labour service cooperation reached USD 310million.
Circulation of commodities
The total volume of retail sales of consumer goods kept a remarkable growth in 2005. It realized a total volume of consumer goods retail sales of RMB 234.582 billion. The wholesale and retail industries realized a total retail sales volume of 201.187 billion. In 2005, there were many famous domestic and foreign supermarket enterprises opening new branches in Fujian, including 3 Walmart branches, 1 Metro branch, 1 Carrefour branch, 1 B&Q branch, 13 Gome branches, 1 Suning branch and 1 Yongle branch.
Source : Ministry of Commerce People's Republic of China
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