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Fujian posts stable economic growth in 2019

chinadaily.com.cn | Updated: 2020-03-05

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East China's Fujian province records a GDP of 4.2 trillion yuan ($611 billion), an increase of 7.6 percent year-on-year, 1.5 percentage points higher than that of the whole country. [Photo/VCG]

East China's Fujian province maintained steady and sound economic growth in 2019, according to the government work report released by Tang Dengjie, governor of the province, at the third session of the 13th Fujian Provincial People's Congress in Fuzhou Jan 11.

The year 2019, which marked the 70th anniversary of the founding of the People's Republic of China, also included milestones for China's economy.

The province has stuck to the concept of innovative, coordinated, green, open and shared development, and has been deepening supply-side structural reforms in recent years, striving to maintain stability in the six key areas of employment, finance, foreign trade, foreign investment, domestic investment, and expectations, and aiming to achieve high-quality development and complete the building of a moderately prosperous society in all aspects.

In 2019, Fujian recorded a GDP of 4.2 trillion yuan ($611 billion), an increase of 7.6 percent year-on-year, 1.5 percentage points higher than that of the whole country.

The province’s general public budget hit 514.7 billion yuan, up 2 percent, and the total volume of foreign trade was 1.3 trillion yuan ($1,874 billion), growing by 7.8 percent year-on-year, and ranking seventh in the country in import and export scale.

According to statistics, the number of newly established foreign-funded enterprises in Fujian totaled 2,391, and the province's actual utilization of foreign capital was 31.54 billion yuan last year, growing by 3.3 percent year-on-year.

The province also spared no efforts to improve people's living standards, with the per capita disposal incomes of rural and urban residents totaling 19,568 yuan and 45,620 yuan, growing by 9.8 percent and 8.3 percent respectively.

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