Xiamen’s FDI outflow increases in January and February
Xiamen approved 13 new FDI (Foreign Direct Investment) outflow projects in January and February. The 13 projects have a combined investment value of 180 million dollars, an increase of 53.8 percent compared to 2014.
Two types of features make up the investment projects.
Firstly, 84.5 percent of the investment capital flow will go towards five big projects, each of them attracting over 10 million dollars.
Secondly, capital investment will go towards various fields, including trade, financial services, agricultural innovation, tourism, and resource exploitation.
Peng Juan from China Daily Fujian Bureau contributed to the story
Why Xiamen
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Xiamen is one of the most economically competitive cities in China and was one of the first Special Economic Zones on the Chinese mainland. As a vice-provincial city independently listed on the State development plan, it has provincial-level authority in economic administration and local legislative power. In 2010, the Xiamen SEZ was expanded to cover the entire municipality. Today, Xiamen is a modern and international port city.