Xiamen's key project investments to hit RMB 692.3 billion in 2015
Xiamen city is scheduled to launch 251 key under-construction projects, totaling an investment of RMB 692.3 billion, in 2015, and the annual planned investment is expected to reach RMB 94.1 billion, according to the Xiamen Development and Reform Commission.
According to an official of the Xiamen Development and Reform Commission, Xiamen’s key projects this year will cover different areas including industry, services, social work, urban and rural infrastructure, and rail transportation.
The entire arrangement will feature 5 characteristics, including the increase of large-scale projects, industry projects, and non-financial investment projects, the functional appearance of cross-island development projects, and the scale appearance of self-trade pilot projects.
Besides, the number of projects exceeding individual investment of RMB 5 billion and RMB 10 billion will reach 26 projects and 16 projects, respectively, this year.
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.