Xiamen FDI outflows surge in 2015
Xiamen, Fujian province, approved 101 investment projects in foreign countries, increasing by 56.9 percent year-on-year, with an investment volume of $1.05 billion, up 66.5 percent. $1.01bn of that is Chinese capital, 2.3 times that in 2014.
Nearly $ 170 million of the Foreign Direct Investment (FDI) outflows were spent on 10 merger and acquisition programs.
The rate of FDI inflows and outflows in Xiamen rose to 35.4 percent in 2015, with a year-on-year growth of 19.1 percent.
By Zhai Song and edited by Brian Salter
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.