Page 146 - 2025 Special Report

The Fujian government makes its efforts on • The value-added of service industry
attracting foreign investments in 13 industries, accounts for over 50%
namely electronics and information technology,
machinery equipment, petrochemicals, • Investment in R&D growth by 18% YoY
metal processing, ship building, new energy,
pharmaceuticals (traditional Chinese medicine), • The value-added of digital economy growth
logistics, new materials, construction materials by 3% YoY
and textiles . In 2023, Fujian’s utilization of foreign
49
investment edged a bit and reached US$4.3 billion. • The urbanization reaches 71.5%
And early in 2024, the province has introduced
12 measures aimed at fostering cross-border • Average annual growth of disposable
50
e-commerce innovation and development. income per capita reaches over 7%

Nine priorities :
52
Recent policies and reforms
• Vigorously advance scientific and
The Outline of the 14th Five-Year Plan technological innovation to speed up Fujian’s
(2021-2025) for Fujian Economic and Social transformation into an innovation-driven economy
Development and the Long-Range Objectives
Through the Year 2035 51 • Continuously optimize industrial structure
and accelerate the development of modern
On 2 March 2021, the Outline of the 14th Five- industrial systems
Year Plan (2021-2025) for Fujian Economic and
Social Development and the Long-Range Objectives • Stay focused on the fundamental strategy
Through the Year 2035 was released. It reviews of expanding domestic demand to continuously
the achievements of the 13th Five-Year Plan and stimulate endogenous economic growth
sets main targets and specific strategies for the
economic and social development of the whole • Pursue further reform and opening up in
province. Specifically: all respects and facilitate the concentration of high-
quality production factors
Main objectives:
• Redress development imbalances and
Fujian aims to deliver high-quality leapfrog inadequacies and redouble efforts to advance
development on all fronts when China realizes coordinated urban-rural development
socialist modernization by 2035. Particularly,
Fujian will accelerate the shift of economic • Build Fujian into an eco-province and
growth models and drivers, as well as expand contribute more to the Beautiful China Initiative
its lead in overall economy size and further
strengthen efficient, equitable, sustainable and • Ensure and improve people’s wellbeing
secure development. and open new prospects for social development

Key economic targets: • Move faster to build up Fujian’s strength in
culture and rally people’s moral strength
• An annual GDP growth around 6.3% YoY
• Create new and better ways to conduct
49 Fuzhou Customs District, http://fu- social governance and accelerate the Peaceful
zhou.customs.gov.cn/fuzhou_customs/zfxx Fujian program with higher standards
gk19/2963574/2963954/484131/3950330/index.html
50 FZFTZ, http://fzftz.fuzhou.gov.cn/zwgk/zcfg/202402/
t20240207_4775323.htm 52 Government site of Fujian, https://www.fu-
51 Government site of Fujian, https://fujian.gov.cn/zwgk/ jian.gov.cn/english/FujianInfo/FujianNews/202102/
zfxxgk/szfwj/szfgz/202103/t20210319_5552893.htm t20210210_5534940.htm

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