12 Oct 2016
Xiamen (Fujian) City Information
|Major Economic Indicators (2015)|
|Land Area (km2)||1,575|
|GDP (RMB billion)||346.6|
|GDP Per Capita (RMB)||90,379|
|Retail Sales of Consumer Goods (RMB billion)||116.8|
|Utilised FDI (USD million)||2,093|
|Exports (USD million)||53,474|
|Imports (USD million)||29,728|
Source: Fujian Statistical Yearbook 2016
Xiamen was one of the nation's first five special economic zones. It is also part of the China (Fujian) Pilot Free Trade Zone that was launched in April 2015.
Since 1997, the China International Fair for Investment and Trade (CIFIT) is held in Xiamen every year. CIFIT is currently China's only international investment promotion event aimed at facilitating bilateral investment.
Xiamen is designated as a national hub in MOFCOM’s development plan (2015-2020) of distributive trade and logistics. It has an efficient transportation network with Xiamen Gaoqi International Airport (廈門高崎國際機場) is merely 10 kilometers from the downtown. It operates daily flights to more than 40 cities domestically and internationally.
Xiamen is also easily accessible by trains and highways. Xiamen Port is one of the major ports in China. It provides an excellent water transportation network with domestic sea routes to Hong Kong and the Taiwanese island of Jinmen. Container throughput of the Xiamen Port ranked the 8th in China in 2014.
Xiamen was ranked the 17th most competitive Chinese cities in 2016 by the Chinese Academy of Social Sciences.
The industry sector accounted for 37% of the city’s GDP in 2015. Electronics is Xiamen's largest industry with major products including computers, handsets, TVs and radios. Major investors in this sector include Dell Computer, Lenovo Computer, Prima TV, Amoi Electronics and NEC. Machinery is another pillar industry of Xiamen. Leading investors include XGMA Machinery Corp and King Long. XGMA is a major engineering machinery producer in China, and its sales of mechanical loaders have ranked first in the country over the last few years.
Major Industrial Parks / Development Zones
1. Xiamen Haicang Taiwanese Investment Zone
Target industries: Fine chemicals, electronics, port logistics
Major investors: Black & Decker, Kodak, Spang, Hella, Magnetics, Jianying Technology, Lianda Computer
2. Xiamen Jimei (Xinglin) Taiwanese Investment Zone
Target industries: Engineering machinery, automobiles, motorcycles
Major investors: TDK Electronics, Linde Gas, Laiming Glass, Luda Industrial Group, Zhengxin Rubber
3. Xiamen Torch High-tech Industrial Development Zone
Target industries: Information technology, optical-mechanical-electronic integration, biology, medicine
Major investors: ABB, DELL, Panasonic, Toshiba, Hitachi, Fujitsu, Areva