Trade & Investment

Xiamen ranks 20th among China's top 50 richest cities

Updated: 2014-02-14
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Xiamen’s fiscal revenue reached RMB 49.05 billion (about US $8.04 billion) and its GDP hit RMB 313.02 billion (about US $51.3 billion) in 2013, ranking 20th among the richest cities in China, according to a study jointly conducted by the China Investment Network and Renmin University of China.

According to the study, the top 10 cities with the highest fiscal revenue in 2013 were Shanghai, Beijing, Tianjin, Shenzhen, Chongqing, Suzhou, Guangzhou, Wuhan, Hangzhou and Chengdu.

Xiamen’s fiscal revenue represented about 15.67% of its GDP in 2013, ranking 3rd after Beijing (18.84%) and Shanghai (19.20%) in China, the study said.

Two other cities from Fujian province, Fuzhou and Quanzhou, were also named among the top 50 richest cites in China. Fuzhou ranked 23rd on the list with fiscal revenue of RMB 45.40 billion (about US $7.44 billion), and Quanzhou was placed 36th with fiscal revenue of RMB 34.50 billion (about US $5.66 billion) in 2013.

Fiscal revenues in China include taxes as well as administrative fees and other government income, such as fines and income from state-owned assets. 
 
SOURCE: WOX Team
   
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