Xiamen 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 average growth level of the top 100 cities. The figure is 5.3 percentage points higher than that of the whole country and 4.3 percentage points higher than that of the whole province.
Why Xiamen
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Xiamen is one of the most economically competitive cities in China and was one of the first Special Economic Zones on the Chinese mainland. As a vice-provincial city independently listed on the State development plan, it has provincial-level authority in economic administration and local legislative power. In 2010, the Xiamen SEZ was expanded to cover the entire municipality. Today, Xiamen is a modern and international port city.