29 Nov 2016

Chinese make up nearly half of Fiji's potential investors

3:33 pm on 29 November 2016
Xi Jinping and Frank Bainimarama

Fiji's Prime Minister Frank Banimarama and Chinese president Xi Jinping meet in 2014. Relations between the two have continued to grow in recent years. Photo: supplied

The Fiji government says China is now its biggest source of foreign investment and visitor numbers from China are booming.

Fiji's trade, industry and tourism minister Faiyaz Koya has told a seminar for Chinese investors in Suva trade and investment between the two countries has been growing from strength to strength.

Mr Koya said for the past two years, China has had the most number of investors register and implement their projects in Fiji.

In the first six months of 2016, Chinese projects made up 45 percent of registrations with Investment Fiji.

The minister said the number of people from China visiting Fiji had risen ten fold over the past seven years.

He said imports from China have tripled from US$100 million in 2010 to just over US$300 last year.

The value of goods going the other way rose from just over US$6 m to more than US$40 m over the same period.