South East (Fujian) Motor was established in 1995 by the then Fujian Motor Industry Group, Taiwan-based China Motor Corp and Japan's Mitsubishi Motors. The joint venture sold more than 150,000 automobiles last year, achieving year-on-year growth of nearly 40 percent.

Fujian's FJ Motor and Beijing-based BAIC Motor joined forces in strategic cooperation in 2016, allowing the latter to join FJ Motor's joint venture Fujian Benz Automotive. FJ and BAIC are both Chinese partners of luxury German car maker Mercedes-Benz.

Fujian has drawn the attention of many domestic companies and multinationals and attracted good projects, based on its ecological and marine advantages.

Along Xinghua Bay, which lies south of the city of Fuqing, a wind power equipment industry park - invested in by China Three Gorges Corp and a Fuzhou company - has attracted companies such as Beijing-based Goldwind, which provides wind turbine technology and energy solutions.

A representative from China Three Gorges said that they would make some fundamental, original and leading achievements as soon as possible to produce major of shore wind power facilities in Fujian.

Zhu Sihai, a researcher at the development research center of the Fujian provincial government, said: "In order to develop large, high-quality projects, the key is not only mastering key technologies in a single industry, but also being competitive in the entire industrial chain that covers the upstream and downstream."

That is also the key for Fujian to promote high-quality development, Zhu added.

In the last five years, the province's industrial investment surged from 454.8 billion yuan ($66.06 billion) in 2013 to 860 billion yuan in 2017, at an average annual growth rate of 13.5 percent. Its three dominant sectors - electronics information, petrochemicals engineering and machine manufacturing - expanded and became more competitive.

Fujian has also closely followed the latest trends in international science and technology and industrial development and its emerging sectors, such as new-generation information technology, biological pharmaceuticals and new materials, have also developed into new pillar industries.

The Symposium of International Capital Investment in Fujian, held in Fuzhou on May 18, saw the inking of 30 important foreign-funded projects.

Fujian's governor Tang Dengjie said during the event that the province will firmly promote a new round of opening-up, create an internationalized and convenient business environment and greatly support foreign-invested companies developing in the province.

Contact the writer at songmengxing@chinadaily.com.cn