page_title: Fuzhou
section_title: Economy
hierarchical_section_title: Fuzhou / Economy
caption_attribution_description: English: Fuzhou Cityscape (Taixi CBD)
context_page_description: Fuzhou, alternately romanized as Foochow, is the capital and one of the largest cities in Fujian province, China. Along with the many counties of Ningde, those of Fuzhou are considered to constitute the Mindong linguistic and cultural area.
  Fuzhou lies on the north bank of the estuary of Fujian's largest river, the Min River. All along its northern border lies Ningde, and Ningde's Gutian County lies upriver. Its population was 7,115,370 inhabitants as of the 2010 census, of whom 4,408,076 inhabitants are urban representing around 61.95%, while rural population is at 2,707,294 representing around 38.05%. In 2015, Fuzhou was ranked as the 10th fastest growing metropolitan area in the world by Brookings Institution.
  Fuzhou is listed as No. 20 in China
  Integrated City Index 2016's total ranking, a study conducted by National Development and Reform Commission.
context_section_description: Industry is supplied with power by a grid running from the Gutian hydroelectric scheme in the mountains to the northwest. The city is a center for commercial banking, designer brands and timber-working, engineering, papermaking, printing, and textile industries. A small iron and steel plant was built in 1958. In 1984 Fuzhou was designated one of China's "open" cities in the new open-door policy inviting foreign investments. Handicrafts remain important in the rural areas, and the city is famous for its lacquer and wood products.
  Its GDP was ¥75,614 (c. US$12,140) per capita in 2015, ranked no. 52 among 659 Chinese cities.
  Fuzhou is undoubtedly the province's political, economic and cultural center as well as an industrial center and seaport on the Min River. In 2008, Fuzhou's GDP amounted to ¥228.4 billion, an increase of 13 percent.
  Manufactured products include chemicals, silk and cotton textiles, iron and steel, and processed food. Among Fuzhou's exports are fine lacquerware and handcrafted fans and umbrellas. The city's trade is mainly with Chinese coastal ports. Its exports of timber, food products, and paper move through the harbor at Guantou located about 50 kilometres (31 mi) downstream.
  In 2008, exports reached US$13.6 billion, a growth of 10.4 percent while imports amounted to US$6.8 billion. Total retail sales for the same period came to ¥113.4 billion and per capita GDP grew to ¥33,615. During the same period, Fuzhou approved 155 foreign-invested projects. Contracted foreign investment amounted to US$1.489 billion, while utilized foreign investment increased by 43 percent to US$1.002 billion.
caption: Taixi Central Business District
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