Investments gather momentum in Xiamen
Xiamen realized 64.5 percent of its annual inbound investment target in the first half of 2015. The city utilized $1.35 billion of foreign investment, according to data released by the Xiamen Municipal Bureau of Commerce.
In terms of contracts signed, Xiamen's investment in overseas regions reached $1.16 billion, an increase of 114.4 percent compared to the same period last year.
The ratio of outbound investment to inbound investment climbed to 63.4 percent. In comparison, the ratio for the whole of 2014 was 35.4 percent.
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.