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.