Added value of Xiamen's tertiary industry hits $9 billion in first quarter
The tertiary industry in Xiamen generated 57.58 billion yuan ($9 billion) in added value in the first quarter of this year, Xiamen Daily reported on May 4.
The added value of the tertiary industry maintained a growth of 7.8 percent year-on-year, taking up 56.9 percent of Xiamen's GDP.
Of the ten sectors with annual revenue above 10 million yuan in tertiary industry, five saw double-digit growth compared to the same period last year, including information technology, leasing, commercial services, and education sectors.
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.