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Date: 2015-9-16 9:23:33

Introduction of Quanzhou’s Economy

Quanzhou is located in the middle on the west coast of the Straits facing each other with Taiwan across the sea. It is a famous city full of vigor and business opportunities and a magic harmonious city for living.


Main Economic Index

In the year of 2008, its Gross Domestics Production (GDP) was RMB 270.53 billion. The total economic volume has been in the first place among the cities of FuJian in the past ten years. The Gross Domestics Production (GDP) of per capita area was USD 5,016. The fiscal revenue is RMB 26.36 billion. The three industries scale is 4.4:59.4:36.2.


Provincial Top 10 Counties in Economic Strength

Since China's reform and opening-up, the economic and social development of Quanzhou has taken a huge step forward with tremendous changes taking place in this city. As a result, all counties in Quanzhou have been titled successively Fujian Provincial Top 10 Counties in economic strength. Jinjiang City, Shishi City, Nan'an City, Hui'an County and Anxi County, have been awarded "Top 100 Advanced Counties" by the State. At present, the halt-an-hour-drive urban agglomeration is taking shape, which is a network with the key city as its center, Jinjiang, Shishi, Nan'an and Hui'an as its sub-center and other key towns as its satellites.


Today, Quanzhou has four special economical zones and five technological bases. Here, several regional brands are taking shape: the Hometown of Resin Craftship in Fengze District, China's Leisure Clothes Center in Shishi City, the Home of China Shoes and National Base of Food Industry in Jinjiang City, the Home of Building Materials and Longan in Nan'an City, the Home of Stone Carving in Hui'an County, the Home of Rattan and Iron Craft an Oolong Tea in Anxi County, the Home of Orange in Yongchun and the Hometown of Chinaware Craftship in Dehua County.


Overview of Foreign Investment

Quanzhou is among the first group of 40 cities with favorable external environment for investment approved by the country. In recent years, the municipal government, with the aim to improve its investment environment, has been concentrating its efforts on its infrastructure construction such as transportation, energy supply, telecommunication and municipal engineering. For transportation, all of car, ship and plane come in handy. Besides, a series of policies has been released to encourage foreign investment and to improve government efficiency.


By the end of 2008, Quanzhou was home to 12,203 foreign funded enterprises, out of which 8,457 are in operation. The amount of foreign investment actually utilized was USD 16.133 billon. Quanzhou has established economic and trading relations with over 180 countries and regions in the world. In the year of 2008, according to the Customs statistics, Quanzhou's total import and export value was USD 8.52 billion, of which total export value was USD 5.8 billon. 


Today, with fresh appearance on the west side of the Taiwan Strait, Quanzhou extends a warm welcome to friends from home and abroad.