China’s Fujian Province Parts Exports Soar
Automotive parts exports from Fujian Province reached 826.74 million renminbi ($100 million), making the province one of China’s top auto parts exporters. Some 48 Taiwanese companies have invested Rmb 2 billion ($241.55 million) to build car parts factories in Fujian cities, including Fuzhou and Xiamen.
Fujian manufactured vehicle parts valued at Rmb 4.27 billion ($515.7 million) in 2000, an increase of 32 percent over 1999. Profits totaled Rmb 410 million ($49.52 million), a rise of 48 percent.
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