Xiamen

One of China's five special economic zones, Xiamen's pillar industries include chemical materials, electronics, and equipment manufacturing. Xiamen has been highly dependent on trade and foreign investment, particularly from Taiwan, Hong Kong and Macau, and possesses a comparatively developed banking sector. Currently one of the ten most popular cities in China for tourism, the city also plans to develop its tourism industry.

Badly hit by the 2008-2009 financial crisis, the city is giving priority to sustaining employment and enterprises by easing credit and promoting localized foreign-invested enterprises; at the same time, Xiamen will focus on growth beyond its traditional industries into industries like automobile and food.

Xiamen's GDP grew 12.1% RMB281.7 billion in 2012.


 

Xiamen Quick Facts
  • Area
    1,565 km2
  • Population:
    2520000
  • Gross domestic product:
    205.37 billion RMB
  • GDP growth:
    15.1%
  • Fixed Asset Investment:
    100.90 billion RMB
  • Utilized Foreign Direct Investment:
    1.70 billion US$
  • Imports:
    2.17 billion US$
  • Exports:
    3.53 billion US$

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Top 5 Xiamen Companies
    • Xiamen C&D Inc (SHA: 600153) is engaged in the operation of supply chain, property development and industrial investment business. It posted RMB66.1 billion in revenues and RMB1.75 billion in net profits for 2010.
    • Xiamen ITG Group Corp (SHA: 600755) is engaged in trading, property and port logistics business. It posted RMB33.99 billion in revenues and RMB525.55 million in net profits for 2010.
    • Sansteel MinGuang Co (SHE: 002110) is engaged in smelting, processing and distribution of iron and steel products. It posted RMB15.98 billion in revenues and RMB109.94 million in net profits for 2010.
    • Xiamen King Long Motor Group Co (SHA: 600686) is engaged in manufacture and distribution of large-sized, medium-sized and light passenger buses. It posted RMB16.16 billion in revenues and RMB234.66 million in net profits for 2010.

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