More Xiamen companies get export credit insurance
The number of new export enterprises covering credit insurance reached 116 in Xiamen, Fujian province in June, an increase of 274.2 percent over the same period last year, a new high for the month.
The amount of exports covering the insurance reached $1.32 billion, an increase of 12.9 percent, said the Xiamen Municipal Bureau of Commerce on its website.
Why Xiamen
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Xiamen is one of the most economically competitive cities in China and was one of the first Special Economic Zones on the Chinese mainland. As a vice-provincial city independently listed on the State development plan, it has provincial-level authority in economic administration and local legislative power. In 2010, the Xiamen SEZ was expanded to cover the entire municipality. Today, Xiamen is a modern and international port city.