A total of 130 overseas investment projects were registered in Xiamen last year, an increase of 2.4 percent from the previous year and a 13 percent rise from that in 2020. The contracted investment was $1.51 billion, an increase of 42.4 percent from 2020 and 2.3 percent year-on-year.

Xiamen's investment in countries involved in the Belt and Road Initiative increased significantly in 2022, with the contracted investment reaching $1.03 billion, 12.1 times higher than that in 2020.

The annual turnover of foreign labor service cooperation reached $343 million, up 10.3 percent year-on-year, and 10,147 laborers were dispatched abroad, down 3.4 percent year-on-year. At the same time, Xiamen issued a regulation to standardize the market.

Due to the COVID-19 pandemic, the market for newly signed contracted projects has shrunk. The turnover of contracted projects in 2022 was $40.01 million, and the value of newly signed foreign contracted projects was $5 million.

Furthermore, Xiamen also opened training courses, such as the Training Course on Marine Biotech and Marine Biodiversity for Development Countries, to boost overseas investment and spread relevant knowledge.

Xiamen Port. [Photo/Xiamen Daily]