Fuzhou, the capital of Fujian Province, has attracted more than 50,000 foreign investors, including 99 corporations from Malaysia, said Guo Ningning, Deputy Party Secretary of Fujian Province and Communist Party Secretary of Fuzhou.
She noted that China remains Malaysia’s largest trading partner, while Malaysia is one of China’s top partners within ASEAN.
Guo welcomed the signing of cooperation agreements worth 2.45 billion yuan (approximately RM1.43 billion) between the Minqing County People’s Government, KTS Group, and Universiti Putra Malaysia (UPM) last Thursday. County Magistrate Chen Yu, Director of UPM’s China Super Satellite Centre Chen Yongming, and KTS Group Managing Director Dato Henry Lau formalised the partnership.
Speaking during the “Fuzhou, the City of Blessings” China–Malaysia Economic and Trade Exchange Session, Guo said the implementation of the Regional Comprehensive Economic Partnership (RCEP) and the upgraded China–ASEAN Free Trade Area 3.0 deal offers new opportunities for closer trade relations.
She proposed that China and Malaysia work together to expand global investments. Fuzhou, she said, will align with high-standard international trade rules to boost investment liberalisation and trade facilitation.
Guo said the city will support enterprises in global expansion by leveraging new business models. She also encouraged collaboration to strengthen industrial and supply chain integration, highlighting Malaysia’s natural resources and Fuzhou’s strong manufacturing base as complementary strengths.
She identified digital economy, marine economy, green economy and strategic emerging industries as key cooperation areas to enhance resilience and competitiveness.
Guo added that several major events — including the China Overseas Chinese Talent Development Conference, the Global Investment Promotion Conference and the Cross-Strait Economic and Trade Fair — will be held in Fuzhou next year to promote innovation, investment and industrial partnerships. She invited Malaysian government representatives, business leaders and associations to visit Fuzhou.
Fuzhou’s total economic output currently stands at US$200 billion, making it the top-ranked city in Fujian Province. The city has developed six industrial clusters each exceeding 100 billion yuan, covering sectors such as textiles, food processing, machinery manufacturing, metallurgy, chemical materials and renewable energy.
She said Fuzhou is connected by air to 107 cities via 127 domestic and international routes, including to Kuala Lumpur. On maritime routes, the city operates more than 70 shipping services linking to over 40 countries, including Malaysian ports in Penang, Pasir Gudang and Kuantan.
Guo called on overseas Chinese, particularly Malaysian entrepreneurs, to actively participate in Fuzhou’s development and enhance global competitiveness through cooperation.
