Fixed investment in Xiamen up 8.6% in Jan-Nov
The fixed-asset investment in Xiamen, East China's Fujian province, increased 8.6 percent year-on-year between January and November in 2019, according to data released by the Xiamen Municipal Bureau of Statistics.
The figure is 2.6 percentage points higher than the provincial average and is the second highest among cities in Fujian.
Investment in local industries grew 6.9 percent in the first 11 months of 2019 and a total of 46 industrial projects achieved their annual investment goals, including the third phase of Xiamen Software Park and the Energy Materials and Graphene Industrial Cooperation Center.
Investment in major industrial areas in the city amounted to 140 billion yuan ($20.11 billion) over the same period, accounting for roughly 70 percent of the total fixed-asset investment in the city, and included the Cross-Straits Finance Center, Maluan Bay New Town, and Jimei New Town.
Private investment in Xiamen surged 11.7 percent during the same period.
The city now is home to nine industrial chains worth more than 10 billion yuan, with its panel display and computer-communication equipment industries valued at more than 100 billion yuan.
Why Xiamen
-
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.