Page 144 - 2025 Special Report

Fujian

The economy Market highlights

in the south-eastern coast Fujian’s industrial production continued
Located of the Chinese mainland, to recover steadily in 2023, with the industrial
Fujian is close to Taiwan and two regions share added value increased by 3.4% YoY . Being a
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the same origin of Hokkien language and culture. significant manufacturing province, Fujian has
Xiamen SEZ, as the economic hub, is in the been prioritizing intelligent reform and digital
southeast of Fujian. The total area of Fujian is transformation of traditional industries. Currently,
2
around 124,099km , with a population at 42 million there are over 40 national and provincial-level
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in 2023 . As one of the fastest growing provinces industrial intelligent platforms, offering digital
since China’s economic reform, the economy size solutions to more than 4,000 enterprises. In H1
of Fujian ranked eighth in China with the GDP 2024, Fujian’s industrial robot increased by 30.2%
reached around RMB5.4 trillion (US$0.8 trillion) YoY, while the output of ultra-white glass for solar
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in 2023 . In H1 2024, Fujian continued to recover energy industry increased by 3.7 times and the
and progress steadily, with the GDP achieving 5.6% intelligent speaker increased by 59.0% YoY .
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YoY growth . In the following journey of the 14th
Five-Year Plan and Long-Range Objectives Through The service industry is also the main driver of
the Year 2035, Fujian aims to deliver high-quality, Fujian’s economic expansion. In terms of sectors,
efficient and sustainable development on all fronts the wholesale and retail grew 6.2% YoY in 2023,
and speed up the transformation of innovation financial sector grew 7.4% YoY and accommodation
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driven economy and modern industrial system . and catering sector grew 11% YoY, respectively.
Sales of new energy vehicles and smart home
Fig 8 Fujian ranked eighth out of China’s 31 appliances both grew rapidly in H1 2024 as well.
provinces, by size of economy

Source: NBS, EY analysis
43 Statistics Bureau of Fujian, http://www.fujian.gov.
cn/zjfj/
44 Statistics Bureau of Fujian, http://tjj.fujian.gov.cn/
xxgk/tjgb/202403/t20240313_6413971.htm
45 Statistics Bureau of Fujian, https://www.fujian.gov. 47 Government report of Fujian, http://tjj.fujian.gov.
cn/xwdt/mszx/202407/t20240723_6487075.htm cn/xxgk/tjgb/202403/t20240313_6413971.htm
46 Government site of Fujian, https://fujian.gov.cn/zwgk/ 48 Government site of Fujian, https://www.fujian.gov.
zfxxgk/szfwj/szfgz/202103/t20210319_5552893.htm cn/xwdt/mszx/202407/t20240723_6487075.htm

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