The economy of Xiamen in East China's Fujian province grew by 8.1 percent year-on-year in the first three quarters of the year, the Xiamen Municipal Bureau of Statistics said on Oct 24.

The city has maintained an 8 percent growth rate for three consecutive quarters. The 8.1 percent figure is 1.9 percentage points higher than the national average and 0.1 percentage points higher than the provincial average.

Li Wei, a statistician from the local statistics bureau, said that real economy in Xiamen maintained overall stability in the first nine months.

The added value of industries above a designated scale increased by 8.4 percent year-on-year to 132.77 billion yuan ($18.82 billion) and fixed-asset investment expanded by 8.4 percent during the January-September period, the latter of which has been higher than the provincial average for six consecutive months.

The import and export value in Xiamen registered a 3.9 percent year-on-year growth in the January-September period, 1.1 percentage points higher than national growth, and exports grew 6.8 percent after a 2.7 percent drop at the beginning of the year.

Since the beginning of this year, the city has been ramping up efforts to attract investment. Statistics showed that as of September, Xiamen had introduced 896 projects with a combined 663.8 billion yuan in investment, including 155 projects worth more than one billion yuan and 100 projects from Global Fortune 500 companies and large-scale State-owned companies.

From January to September, the actual use of foreign investment in Xiamen soared 14.8 percent year-on-year to 9.39 billion yuan.

The economy of Xiamen in East China's Fujian province grows by 8.1 percent year-on-year in the first three quarters of the year. [Photo/VCG]