Fu Xing is one of the three prominent deities known as Fu Lu Shou (福禄寿), representing prosperity, status, and longevity, respectively.
This particular statue appears to be hand-carved wood, with details like the traditional robes and symbolic elements.
The statue is depicted holding what appears to be a scroll or book, a common attribute associated with scholarly figures or those who bring good fortune.
Such statues are often found in homes or businesses as a symbol of good luck and prosperity in Chinese culture.