Fuzhou, Jiangxi province, aims to increase its gross domestic product to more than 300 billion yuan ($44.2 billion) and the business revenue of industrial enterprises above designated size to over 500 billion yuan by 2030, officials said at a recent news conference.
In the last year of the 14th Five-Year Plan period (2021-25), the city's GDP reached 229.81 billion yuan, representing average annual growth of 6.2 percent. Business revenue at industrial enterprises above designated size rose to 328.79 billion yuan, while the value added from such enterprises recorded double-digit growth for 30 consecutive months.
Mayor Hu Jianfei said the city would continue to prioritize industrial development, led by new energy vehicles and advanced manufacturing.
During the past five years, Fuzhou introduced a new energy vehicle industrial park with an investment of 30 billion yuan, while its new energy vehicles and auto parts sector was recognized as a provincial-level advanced manufacturing cluster. More than 20 related projects responsible for nearly 17 billion yuan, were attracted to the cluster, while 44 auto parts companies across Jiangxi entered the supply chain.
Over the next five years, Fuzhou plans to develop a NEV cluster valued at 100 billion yuan and to improve its technology transfer network so that more research results can be taken to commercial production.
