Xiamen overseas investment exceeds $600m in 1st 7 months
From January to July, Xiamen added 60 new overseas investment projects, a year-on-year increase of 50 percent, said the Xiamen Municipal Bureau of Commerce on Aug 13.
The agreed investment amount reached $620 million, up 26.6 percent. Among them, Chinese investment was $590 million, an increase of 256.2 percent.
By the end of July, the total overseas investment project added up to 634, and total overseas investment amount reached $3.51 billion, in which Chinese investment was $2.65 billion.
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.