A bird's-eye view of Xiamen. [Photo provided to chinadaily.com.cn]

Since 2012, a total of 9,545 foreign-invested companies have been set up in Xiamen, Fujian province with the actual use of foreign capital hitting $22.5 billion.

As of July, more than 17,000 foreign-invested companies have been established in Xiamen from more than 120 countries and regions.

Over the past decade, Xiamen has optimized the usage and quality of foreign capital to further develop.

The proportion of actual use of foreign capital in the service sector increased from 31.3 percent in 2012 to 77.1 percent in 2021, and that of high-tech companies grew from 18.8 percent in 2012 to 31.4 percent in 2021.

By the end of July, there had been 64 Fortune Global 500 companies setting up 115 foreign-invested companies in Xiamen, with the actual use of foreign capital amounting to $3.65 billion.

Fortune Global 500 companies such as container shipping group CMA CGM investing in businesses in Xiamen, and Schneider, ABB Group, and Taikoo expanding investment in the city, has fueled high-quality development in Xiamen.

Behind the robust business boom is Xiamen's focus on improving its business environment and expanding opening-up. For example, Xiamen is stepping up efforts to complete an investment attraction mechanism, and enhance quality business environment construction.

In the 2021 China Business Environment Assessment, all of Xiamen's 18 indicators have become national models.