Xiamen posts 8% GDP growth in H1
The GDP of Xiamen in East China's Zhejiang province posted a year-on-year increase of eight percent to 230.74 billion yuan ($33.54) in the first half of this year, according to a recent press conference held by the local government.
The figure for Xiamen is 1.7 percent higher than the average national level.
Pillar sectors of panel displays, software information, tourism and MICE (meetings, incentives, conventions and exhibitions) in the coastal city maintained above two-digit growth and its sales volume of new energy vehicles tripled from January-June.
In the first six months, a total of 1,190 industrial companies above designated size in the city increased production, 53 more companies than last year.
Xiamen introduced more than 500 projects during the same period with a total investment of 466.6 billion yuan, 90 of which are Global Fortune 500 and State-owned companies.
In addition, exports to countries and regions along the Maritime Silk Road by Xiamen increased by 14.8 percent year-on-year and the 34 routes through these areas completed 641 journeys carrying more than 500,000 containers.
The city also witnessed closer relations with Taiwan as 251 Taiwan companies went public at the Xiamen Cross-Straits Equity Exchange and the number of passengers by Xiamen-Jinmen shipping route surged 22.4 percent year-on-year to 982,000.
The GDP of Xiamen in East China's Zhejiang province posts a year-on-year increase of eight percent to 230.74 billion yuan ($33.54) in the first half of this year. [Photo/xmnn.cn]
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.