An aerial photo of Xiamen, Fujian province. [Photo/Xiamen Daily]

In 2022, Xiamen in Fujian province aims to increase the total retail sales of consumer goods and the actual use of foreign capital by 6.5 percent and 3 percent from that in 2021, respectively, as well as maintain the same amount of imports and exports as that in 2021.

In order to develop and strengthen market entities, Xiamen will implement supporting policies, attract top enterprises in the industrial and supply chains, and cultivate prospective economic entities.

Xiamen will also increase the amount and quality of commercial circulation by implementing measures such as strengthening and expanding the supply chain's core, boosting supply chain innovation and application, and speeding up the commercial circulation system's development.

The city will also boost consumption by actions such as improving the quality of consumption, creating new forms of consumption, bolstering the e-commerce business, developing the living service business, and holding consumption promotion events.

The city also intends to boost innovative foreign trade development through measures such as accelerating new forms of cross-border e-commerce and promoting supply chain cooperation under the Regional Comprehensive Economic Partnership agreement, as well as boosting integrated domestic and foreign trade development.

Xiamen will build new working mechanisms, use innovative approaches to attract investment, and form an investment attraction team in order to attract more enterprises.

Known as a city for international exhibitions, such as the CIFIT (China International Fair for Investment and Trade), Xiamen plans to implement the strategy of combining industries with exhibitions and to attract more high-end exhibitions.

The city will also step up its efforts to enhance digital commerce, such as improving digitalization in international trade and speeding up the transformation of commercial digitalization, as well as optimize its ports for more convenient and fluid logistics.