Xiamen free trade zone signs deals at CIFIT
A batch of leading enterprises from various sectors signed deals with the Xiamen free trade zone administration at the 2015 China International Fair for Investment & Trade (CIFIT), held in Xiamen, Fujian province, from Sept 8 to 11.
At a deal-signing ceremony on Sept 9, the zone's administration inked deals involving 46.6 billion yuan ($7.3 billion) worth of investment from 72 projects.
A staff member of the administration said that a number of new partners were gained as a result of the signings, including Bunge Group, the world's leading food producer headquartered at White Plains, United States; Price Waterhouse Coopers Consulting (PwC); China-based Going Green, an online marketplace for traditional Chinese medicinal materials; and the national cross-Straits copyright trade center.
The national cross-Straits copyright trade center was unveiled at the Xiamen free trade zone on June 11. It offers copyright-related services, copyright protection and financing for cultural and creative digital publications.
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.