Trade & Investment

Xiamen sets 2014 foreign trade target at US $90 billion

Updated: 2014-03-20
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Xiamen port
 
The Xiamen Development Research Center released a report on the development of Xiamen in 2013-2014 on Tuesday, making a series of predictions on 2014 growth targets.

According to the report, Xiamen’s GDP and total retail sales of consumer goods amounted to RMB 301.8 billion and RMB 97.5 billion in 2013, respectively.

Xiamen sets its 2014 GDP growth target at around 10.4 percent and the GDP is expected to hit RMB 333.2 billion this year. In addition, its total retail sales of consumer goods will surge about 13.8% to hit RMB 111 million.

The local government will strive to promote industrial upgrading, innovation, reform and opening up. The city may focus more on the development of electronic business this year to stimulate its information consumption.

Due to the devaluation pressure on RMB, the trade situation of exporting companies in Xiamen will be better than last year. Xiamen’s exports and imports are expected to hit US $90 billion this year.

As a city with an export-oriented economy, Xiamen is always trying to improve its industrial creativity and competitiveness and expand its overseas market in emerging countries
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SOURCE: WOX Team
 
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