Xiamen approved as a state-level integrated pilot city
The Integrated Pilot Program of Xiamen’s Modern Services Industry has been approved by the Ministry of Finance and Ministry of Commerce. Xiamen will accordingly launch a comprehensive pilot project of a modern service industry and can be supported in terms of finance and policy.
Xiamen is trying to make a value added of modern service industry for the whole city accounting for an increase in gross regional domestic product up to 55 percent and initially exploring an effective pattern for the development of a modern service industry.
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.