Trade & Investment

Half yearly Xiamen's key economic pointers of 2010

Updated: 2011-01-20
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Xiamen Special Economic Zone, China

 
Since the Xiamen Special Economic Zone was established in 1980, it has been adhering to the state's basic policy of reform and opening-up while giving full play to its regional advantages by introducing large amounts of investment from Hong Kong, Macao and Taiwan as well as from foreign countries and overseas Chinese.
 
The Gross Domestic Product (GDP) of Xiamen in the first half of 2010 reached RMB84.55 billion, a 17% increase in comparison with the same period of 2009. The growth rates of primary, secondary and tertiary industry stood at 1.0%, 23.1% and 9.5% respectively.
 
In Jan-June, 2010, Xiamen kept a rapid economic development with its GDP growth rate tops in Fujian province. The per capita household income of urban residents and the per capita net income of rural residents were RMB 29,000 and RMB 10,000 respectively.
 
In the first half of 2010, the number of foreign direct investment (FDI) projects has reached 208, and the total import & export value of foreign trade worth US$26.65 billion, up significantly by 36.5% year-on-year. Additionally, the output value was US$16.61 billion and import value was US$10.04 billion. In comparison with the US$1.19 billion for the first half of 2010, value of actual foreign investment dropped by 3.6%.
 
According to the statistics, in the first half of the year, the total fixed asset investment of Xiamen stood at 45.17 billion Yuan, a year-on-year increase of 24.9%.
 
The total financial revenue of Xiamen reached RMB26.72 billion, up 20.5% compared to the same period of 2009. Besides, the investment value of foreign contracts amounted to US$1.1 billion, up notably by 85.7% year-on-year.
 
Overall, the value of retail sales of consumer goods reached 34.27 billion Yuan, a year-on-year increase of 28.4%. 
 
Economic profile of Xiamen in semi-annual 2010:
 

Semi-annual 2010

 

 

2010 (Jan-June)

Compared to 2009

Economic Indicator

Unit

Value

Growth (% p.a.)

Gross Domestic Product (GDP)

RMB

100m

 

845.55

17.0

Primary industry

9.04

1.0

Secondary industry

473.82

23.1

Tertiary industry

362.69

9.5

Total industrial output value of enterprises yielding over RMB 5m per year

1669.80

39.8

Total investment of fixed social assets (quarterly report)

451.74

24.9

Total retail sales of consumer             goods

342.71

28.4

Port cargo handling volume

10,000 tons

6067.52

20.9

Container handling volume

10,000 TEUs

273.68

28.2

Total import & export value of foreign trade

USD

100m

266.53

36.5

Total import value

100.42

44.1

Total export value

166.11

32.3

Number of FDI projects

208

 

Investment value of foreign contracts

10.89

85.7

Actual foreign investment value

11.92

-3.6

Total financial revenue

RMB

100m

 

267.21

20.5

Local financial revenue

137.45

18.4

Total financial expenditure

119.75

14.9

Urban per capita disposable income

15115

12.0

Urban per capita consumption expenditure

9724

13.8

CPI

%

102.7

 

 
SOURCE: WOX Info with reference to stats-xm.gov.cn
 
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Comments Area ( Total Comments: 1 )
xinwenman commented on 17 Mar 2011
1st half 2010 has indicated an excellent performance where the key indicators are pointing for more growth in business. The consumer sales increased by 28.4% reflects the disposal income of the people and likely reflect the standard of living has improved - as reflected in urban per capita disposable income. It may still need to drive its productivity & quality initiatives whereby its disposable income can be 2X or even 3X in the next 5 years. The key purpose is to drive for higher value-added businesses and its people will enjoy the fruits of their effort and hardwork.