Xiamen University

Foreign-invested enterprises deliver 70% of industrial production of Xiamen

Foreign-invested enterprises are now creating 70 percent of industrial production, 60 percent of economic growth, 50 percent of foreign trade volume, 40 percent of job opportunities, and 30 percent of tax income in Xiamen, according to the vice director of the Xiamen Commerce Bureau. Products made in Xiamen are sold to 222 countries and regions all over the world, and Xiamen's foreign trade dependency ratio has reached 169 percent, ranking second among China's cities. Xiamen has undergone a multi-level, comprehensive opening-up that relied on the help of special areas such

174 foreign-invested enterprises set up in Xiamen in first 5 months of 2015

One hundred seventy-four foreign-invested enterprises were set up in Xiamen in the first five months of 2015, according to the Xiamen Commerce Bureau. From January to May, the contract volume on foreign capital to be utilized reached $1.36 billion, realizing 63.8 percent of the annual target of $2.13 billion. The foreign capital utilized in real terms came to $1.22 billion, realizing 58.3 percent of the annual target of $2.09 billion. Xiamen has been undertaking efforts to attract overseas investment recent years. In 2014, the city issued a document entitled "Opinions

Xiamen sees wine imports up 89.4% in first 2 months of 2015

    According to the Xiamen Customs, from January to February 2015, the total volume of wine imports in Fujian province reached 6.23 million liters, up 73.5% year on year. Among which, Xiamen’s imported wine reached 4.65 million liters, up 89.4% year on year, accounting for more than 74.6% of the entire volume in Fujian. As a major resource market for Fujian’s imported wine, the European Union supplied 5.10 million liters of wine to the province from January to February, up 79.4% compared with the same period of the previous year, accounting for 81.8% of the

Xiamen's exports and imports value reaches RMB 1.9 trillion in 2014

According to statistics released by Xiamen Customs, the total foreign trade value of Fujian reached RMB1.90 trillion in 2014, up 3.7% compared with the same period of the previous year. Among which, Xiamen’s foreign trade value reached RMB 513.25 billion, down 1.7% year on year, accounting for 47.1% of the general import & export value of the province.  The value of Xiamen’s imports in 2014 was RMB 186.67 billion, down 5.2% compared with the same period of the previous year. Xiamen’s exports in 2014 totaled RMB 326.58 billion, up 0.5% year on

Xiamen's foreign trade hits RMB 1.90 trillion in 2014

According to statistics released by Xiamen Customs, the total foreign trade value of Fujian reached RMB1.90 trillion in 2014, up 3.7% compared with the same period of the previous year. Among which, Xiamen’s foreign trade value reached RMB 513.25 billion, down 1.7% year on year, accounting for 47.1% of the general import & export value of the province. The value of Xiamen’s imports in 2014 was RMB 186.67 billion, down 5.2% compared with the same period of the previous year. Xiamen’s exports in 2014 totaled RMB 326.58 billion, up 0.5% year on year. It is

Xiamen to strengthen international investment environment in 2015

As the project of Xiamen’s Free Trade Area was approved in late 2014, the Xiamen Commerce Bureau has launched a serious of reforms and innovations to strengthen the city’s internationalized investment environment to attract more foreign investments. With these efforts, the Xiamen government will provide more favorable conditions for the upgrading and development of the foreign companies. In 2014, the contract volume on foreign capital to be utilized reached US $2.85 billion, and the foreign capital utilized by Xiamen in real terms came to US $1.97 billion, up 49.5%

Exports of Xiamen private enterprises rebound in 2nd half of 2014

The exports of private enterprises in Xiamen, Fujian province, rebounded in the second half of 2014, after months of negative growth. The export volume of Xiamen’s private enterprises in November scored $2.16 billion, with a year-on-year increase of 17.6 percent. The total volume in the first eleven months of 2014 reached $23.65 billion, which is the same as last year and ends the period of negative growth for the first time in 2014. The growth rate is 4.2 percentage points higher than the first three quarters and 8 percentage points higher than the first half

Xiamen's exports volume to Australia up 8.3% during Jan-Oct

According to the Xiamen Trade Promotion Association, Xiamen’s export and import volumes with Australia reached $US2.13 billion in the first 10 months of 2014. Among which, the exports amounted to $677 million, accounting for 31.8% of the total volume, up 8.3% year on year. The imports value totaled $1.45 billion, accounting for 68.2% of the entire volume, up 26.9% compared with the same period of last year. Up to October 2014, Australia had invested in 105 projects in Xiamen, with the contractual investment volume amounting to $140 million while the actual utilized value

Xiamen-Australia trade volume hits $2.13 billion during Jan-Oct, 2014

According to the Xiamen Trade Promotion Association, Xiamen’s export and import volumes with Australia reached $US2.13 billion in the first 10 months of 2014. Among which, the exports amounted to $677 million, accounting for 31.8% of the total volume, up 8.3% year on year. The imports value totaled $1.45 billion, accounting for 68.2% of the entire volume, up 26.9% compared with the same period of last year. Up to October 2014, Australia had invested in 105 projects in Xiamen, with the contractual investment volume amounting to $140 million while the actual utilized value

Mutton imports soar in Xiamen as winter nears

    Xiamen's hunger for lamb and mutton, recently, has pushed the city to import more with trade partners that help keep up with demand for the high-protein, low-fat meat. With sweet and warm components, mutton contains abundant fats, protein, carbohydrates, inorganic salt, calcium, phosphorus, and iron. Mutton is a popular meat in the winter months. According to the Dongdu Inspection and Quarantine Bureau, Dongdu port has recently imported 4 batches of mutton; a total of 70.67 tons. According to reports, most of the mutton came from New Zealand and

Xiamen's utilization of foreign investment hits record high in Jan-July

    In the first 7 months of this year, the contract volume on foreign capital to be utilized reached $2.26 billion in Xiamen, exceeding the annual target of $2.01 billion by 12.7%. The monthly contract volume of foreign capital to be utilized reached a record historical high of $300 million. The foreign capital utilized by Xiamen in real terms came to $1.44 billion, achieving 73.2% of the $1.97 billion annual target. At the beginning of 2014, the Xiamen Investment Promotion Bureau launched its working plan to encourage more foreign enterprises to invest in Xiamen, and

Xiamen ranks 5th among China's top 100 international trade cities

General Administration of Customs recently released the Top 100 International Trade Cities list, in which Xiamen ranked fifth and Shenzhen, Suzhou and Shanghai are in the top three. There are three other Fujian cities on the list: Quanzhou, Fuzhou and Longyan, respectively ranking 32, 34 and 93. In the evaluation system, competitive power consists of five parts: foreign trade, structure, benefit, development and potential. In 2013, Xiamen import and export volume totaled $84 billion, increasing by 12.9 percent year-on-year, 4.9 percentage points higher than the

Xiamen's foreign trade competitive power ranks 5th in China

General Administration of Customs recently released the Top 100 International Trade Cities list, in which Xiamen ranked fifth and Shenzhen, Suzhou and Shanghai are in the top three. There are three other Fujian cities on the list: Quanzhou, Fuzhou and Longyan, respectively ranking 32, 34 and 93. In the evaluation system, competitive power consists of five parts: foreign trade, structure, benefit, development and potential. In 2013, Xiamen import and export volume totaled $84 billion, increasing by 12.9 percent year-on-year, 4.9 percentage points higher than the

China's fine-tuned import policy benefits Xiamen enterprises

The Ministry of Commerce has removed 81 kinds of goods from the Automatic Import Licensing Catalogue since July 1, benefiting import-and-export enterprises in Xiamen, the city's commerce bureau said. The delisted goods, most of which are electromechanical or automobile products, are no longer under the automatic import licensing management. Thismeansimporters will no longer need to obtain an import license from local government agenciesbefore going through customs clearance. The policy's implementation will simplify customs-approval procedures, thus benefiting

Xiamen's overseas investment exceeds $600 million from Jan to Jul of 2014

According to information released by the Xiamen Municipal Bureau of Commerce on August 15, Xiamen approved 60 overseas investment projects from January to July of 2014, up 50% compared with the same period of the previous year. The contracted investment volume reached $620 million, up 26.6% year on year, among which the total amount of China’s investments reached $590 million, increasing 256.2% compared with the same period of last year. Xiamen launched 634 overseas investment projects totaling $3.51 billion in 2014 by the end of July this year, among which the total
All