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Last updated at: (Beijing Time) Sunday, January 19, 2003

Fujian Province Takes Lead in Industrial Growth

East China's Fujian Province recorded an enviable industrial growth rate in 2002, with the electronics, machinery and petrochemical sectors as the major driving forces.


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East China's Fujian Province recorded an enviable industrial growth rate in 2002, with the electronics, machinery and petrochemical sectors as the major driving forces.

Last year, large-scale industrial enterprises in Fujian, one ofChina's most booming regions, produced an estimated total of 103.5billion yuan (12.47 billion US dollars) in value-added output, a year-on-year increase of 19.5 percent, the highest in the country.

The electronics, machinery and petrochemical sectors combined accounted for 45 percent of the value-added output, said Xie Xianwen, director of the provincial economic and trade commission.

In order to maintain the robust growth, the province will focusits efforts on expanding the three sectors, Xie added.

With regard to the electronics sector, provincial authorities intend to develop computer and related networks, telecom terminals,software, digital audio and video, and new components.

The priorities for the machinery sector will include motor vehicles, transport machinery, engineering machinery and electronic devices.

For the petrochemical sector, efforts will be put on the popularization of production technology for clean fuel, intensified processing technology for heavy oil and new synthetic materials products.

In addition, the sector plans to increase its production of fine chemicals and build Asia's largest chlorate (chloric acid salt) production base.


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