'2014 Special Funds for Foreign Trade' launched
The acceptance work for the first batch of “2014 Special Funds for Foreign Trade” was officially launched on July 10.
Xiamen Municipal Bureau of Commerce received written requests submitted by local enterprises from July 10 to August 15. Registering in Xiamen and getting qualified to be allowed to import and export without violating the law and regulations, enterprises whose level of throughput is below $45 million can apply for the special funds.
There are various supporting items, namely an overseas exhibition, a budget subsidy for the staffers at the exhibition, e-commerce and so on. Each import and export enterprise can get a maximum of 150,000 yuan ($24,400) in supporting funds during 2014.
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.