ECONOMY – Fujian, the new Eldorado for foreign investors

China’s economy reached a growth rate of 8.1 percent in 2021, a new high in recent years, accounting for more than 18 percent of the global economy. China’s merchandise imports and exports will total $6.05 trillion in 2021, and its global market share will continue to grow. In all this economic prowess, the Fujian region stands out, becoming one of China’s most attractive regions for foreign investors. We explain why…

The Chinese market continues to support strong attraction for foreign investmentwhich is the result of efforts to constantly expand openness and optimize the business environment.

According to KPMG report, in 2022 China’s foreign direct investment to remain highwhile foreign investors are focusing on areas such as wealth management, new energy and high-tech industries.

Fujian is one of the first provinces in China to develop foreign trade.

Fujian has a long history of being heavily dependent on trade. It is one of the first provinces in China to develop foreign trade. Fujian is also cosmopolitan, facing Taiwan across the strait and bordering Hong Kong and Macau. Connected with the Guangdong-Hong Kong-Macau Great Bay Area and the Yangtze River Delta Economic Zone, two economically developed regions in the south and north respectively, it is one of the main gateways from China to the Asia-Pacific region. What makes it significant commercial advantages and global openness.

Fujian in the top 10 foreign investment by country

In terms of external economy, Fujian ranked first in 2020. 8th in terms of foreign investment in the country. Enterprises with foreign capital provided about 1/3 of the value of imports and exports and industrial production.

import export fujian china

As of the end of 2020, there were 61,810 foreign-funded enterprises in Fujian with a cumulative investment of US$138.65 billion. Generally, 500 companies around the world have invested in 213 projects with foreign funding in Fujian. In 2020, Fujian has a GDP of 4.39 trillion yuan and a total import and export of 203.317 billion US dollars (exports of 122.387 billion US dollars and imports of 80.930 billion US dollars).

Fujian economy chart

The Fujian Provincial Chamber of Commerce in Shanghai, the best way to connect with investors and importers, plays an important role in building trade links between China and the rest of the world.

Members of the FCC and Quebec

The Fujian Provincial Chamber of Commerce in Shanghai is a public organization composed mainly of private entrepreneurs from Fujian Province. It exists many member companies covering a wide range of industries. The Chamber of Commerce is well versed in government policy and business development. Using the Chamber of Commerce as a bridge could create intersectoral, interregional and cross-border communications between companies.

FCC

The Chamber of Commerce can fully play the role of Shanghai’s hub, and thanks to the national “One Belt, One Road” strategy, it can effectively open national and international marketsdeepen international cooperation in the field of production capacity and expand bilateral trade and investment.

FCC meeting

The Chamber of Commerce will play a good role as a platform for the direct provision communication and contacts between domestic and foreign companies for foreign businessmen who intend to do business with Fujian companies in Shanghai.and also provide landing services for foreign businessmen who intend to invest in Fujian to ensure investment security.

FCC member

If you are interested in more information about the Fujian Chamber of Commerce, please contact Mr. Jean-Michel OBE, General Counsel for Francophone Countries and Representative of the Fujian Chamber of Commerce Shanghai (FCCS) in Quebec:

wechat contact Jean Michel Ove

Leave a Comment