Outbound investment exceeds $2b for first time in Xiaman
Xiamen invested 14.4 billion yuan ($2.2 billion) in the overseas market in 2015, marking a new milestone after the city's outbound investment volume broke the $1 billion record in 2014.
Xiamen investors acquired 17 overseas targets, using $620 million, an increase of 272.7 percent from 2014.
A combined 25 projects within countries along the Maritime Silk Road received $460 million in investment from Xiamen in 2015, 850 percent more than the year before.
The modern service sector took up approximately 40 percent of the total investment from Xiamen.
Edited by Owen Fishwick
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.