Vital Statistics (2006)
GDP: RMB165.7 billion
GDP per Capita: RMB 31,582
Economic Growth Rate: 12.2%
Population: 2.67 million (urban) - 4.04 million (rural)
FDI: US$1.6 billion
Annual Average Wage: RMB 18,314
Government Effectiveness Rating: 21st
2006 Chinese Cities Competitive Rating: 33rd
Economic Overview | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Known as the''City of Banyan,'' Fuzhou is the provincial capital of Fujian Province and sits opposite Taiwan across the Taiwan Straits. A historical and cultural city with a long history of over 2200 years, Fuzhou has always been an important port of foreign trade in China. When China initiated its reform and opening up drive in the 1980's, Fuzhou became one of the earliest coastal port cities opened to the outside world and is considered to be one of the most competitive manufacturing cities in China.
Export products mainly include electronics, machinery, footwear, textiles, light industry products, foodstuffs, metals and crafts. Import products mainly include mechanical and electrical equipment, plastics, raw materials, chemical raw materials, base metals and other metal products. The US, EU and Hong Kong are the largest export markets for Fuzhou's goods, while Taiwan, South Korea and Japan are the biggest import markets. The top 8 import and export nations and regions are indicated in the following table:
Fuzhou's Top 8 Import Markets(2006) Unit: Million USD
Fuzhou has twinned with 9 foreign cities so far and has established the Fuzhou People's Association for Friendship with Foreign Countries in order to enhance understanding and friendship between Fuzhou people and people from other countries, as well as to conduct multi-dimensional and multi-level, non-governmental networking, encouraging international exchanges, cooperation and coordination.
Fuzhou and Taiwan Located on the west bank of the Taiwan Strait, Fuzhou is an important place for trade and economic cooperation between the mainland, Taiwan and Hong Kong. Fuzhou is a famous ancestral home for Taiwan people in the Chinese mainland and is now a test port for cross-strait direct shipping and cross-strait agricultural cooperation, as well as a port with expedited entry and exit procedures for Taiwan compatriots. It is one of the most active areas of cross-strait cooperation and exchange with the most extensive coverage of preferential policies for Taiwanese enterprises. |
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