Facebook Twitter 新浪微博 Instagram YouTube Wednesday, Aug 2, 2017

Fujian, China’s host province of next month’s BRICS summit

By Kimeng Hilton Ndukong (People's Daily Online)    15:33, August 02, 2017

The 2017 Brazil, Russia, India, China, South Africa, BRICS economic bloc summit holds in Xiamen City in China’s southeastern Fujian province from September 3-5. It was by no chance that Chinese authorities opted for the coastal province to host the leaders’ meeting. "Fujian province is particular for several reasons," Chen Chuxin, vice president of the Fujian People’s Association for Friendship with Foreign Countries, told a group of visiting foreign journalists in the capital, Fuzhou, on July 24. 

Peculiarities of Fujian province

"Eighty percent of the land is mountainous, Fujian has for long been China’s leading province with forest cover, and over 80 million overseas Chinese are from this province. More so, Fujian has the same cultural and ethnic identity like nearby Taiwan," Chen continued. "Fujian and Guangdong were the first Chinese provinces to embark on reform and opening up in 1978, which explains China’s soaring prosperity today," Chen Chuxin noted with a smile of pride on his face.

An investment destination worth considering

As the starting point of the Maritime Silk Road, Fujian boasts 6,128 km of coastline, land area of 124,000 square km, sea area of 136,000 square km, and a population of 38.39 million. It maintains trade relations with 223 countries and regions in the world and is twinned to 84 provinces and cities from 35 nations. The capital, Fuzhou, is also the province’s political, economic and cultural centre with a historic culture dating back over 2,200 years.

With modern rail, sea, air and road transport systems, Fujian is not only a tourist delight for one-off visitors, but an investment destination worth deeper consideration by local and foreign business people. Evidence of the fact that doing business in Fujian offers great returns on investments is seen in the strides of many local firms. They are not only able to stand their own in China, but also internationally.

Anta sportswear firm, Jinjiang

Anta's 2014 strategic partnership with NBA put the sportswear firm on a higher global pedestal

Anta sports products limited in Jinjiang, Quandzhou, was founded in 1991 and got listed on the Hong Kong stock exchange in 2007. “In 2016, Anta paid 2.3 billion RMB in taxes to the central government. It sold 45 million pairs of shoes in China last year, generating 13.35 billion RMB,” officials told foreign correspondents in Jinjiang on July 25 during a tour of the plant.

Anta in 2014 signed a strategic partnership deal with the National Basketball Association, NBA of the U.S. to use NBA’s logo on its products – also worn by NBA players. It acquired an international sportswear manufacturer, Fila, in October 2009. Since 2008, Anta has donated over 300 million RMB to Chinese charities and established more than 100 libraries in the country.

Eastern Technology Group, Zhangzhou

Eastern Technology produces over 800 types of measuring and testing instruments

Eastern Technology Group in Zhangzhou is a hi-tech enterprise with specialty in the production of measuring and testing instruments. It was founded in 1993 and is today one of the leaders in its domain in China. The private firm with 900 staff exports its products to over 70 countries.

“Eighty percent of our workers are women because they are more careful in handling instrument chips,” Wu Zhiwu, Eastern Technology’s vice president, told the press in Zhangzhou last week. The company’s range of over 800 types of measuring and testing instruments includes digital clamp metres, digital multimetres, hand-held oscilloscopes, automatic testing equipment and do-it-by yourself equipment. Eastern Technology’s turnover in 2016 was 20 million U.S. dollars.

Kehua Tech, Zhangzhou

Kehua's UPS equipment undergo several stages of quality control checks

Founded in 1988, Kehua technology company or Kehua Tech, Zhangzhou, majors in power conversion technology and the manufacture of Uninterrupted Power Supply, UPS equipment. The private firm controls over 19 percent of the Chinese market and was listed on the Shenzhen stock exchange in 2010. “Our exports in 2016 were worth 270 million U.S. dollars. We are the biggest manufacturing power equipment base in mainland China,” explained Kehua’s vice president, Qing Feng Huang. Kehua exports 500VA-1,000KVA UPS to 104 countries.

With 4,000 employees and headquarters in Xiamen, still in Fujian province, Kehua also produces solar power inverters able to supply 100 households. “Our UPS equipment was used at last January’s African Cup of Nations football tournament in Gabon,” explained David Lin, sales manager overseas division. It is therefore no surprise that Kehua technology company has been the leading UPS manufacturer in China for 19 consecutive years.

Xiamen shipbuilding industry

XSI is now eyeing the production of cruise liners

Shipbuilding in China was started by the British way back in 1858. Xiamen Shipbuilding Industry, XSI, is the successor company to these early efforts. The State-owned firm with six major shareholders is based in the coastal city of Xiamen and employs about 2,000 workers. “We produce container and cargo ships, offshore engineering vessels and oil platform supply ships,” Robin Zhang, a manager, told journalists in the Xiamen dockyard on July 28.

So far, XSI has delivered 26 of the 29 PCTC vessels ordered. “We now have an annual production capacity of four 8,500-ton PCTC ships instead of only two, following the recent expansion of facilities,” Liang Hong, executive deputy general manager said. XSI has now set its sights on producing middle level cruise liners as it awaits orders from potential customers, who are mostly in South and Southeast Asia, Liang Hong noted.

Kimeng Hilton Ndukong is Sub-Editor for World News with Cameroon Tribune bilingual daily newspaper in Cameroon. He is currently on media attachment with People’s Daily Online in English. 

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Wu Chengliang, Bianji)

Add your comment

We Recommend

Most Read

Key Words