Xiamen's consumer market prospers in 2022
In 2022, Xiamen's total retail sales of consumer goods reached 266.54 billion yuan ($38.53 billion), up 3.1 percent year-on-year, 3.3 percentage points higher than the nation's average.
Among them, clothing goods sold the best, with the sales volume reaching 65.95 billion yuan, a year-on-year increase of 18.7 percent, and increased the total sales of enterprises above designated size in wholesale and retail by 6.6 percentage points.
During the same period, consumer goods of enterprises above designated size enjoyed a retail sales volume of 12.84 billion yuan, up 21.4 percent year-on-year, 22.2 percentage points higher than the nation's average.
Last year, four main sectors of production, namely, metallic materials, chemical materials, coal and coal products, and petroleum and petroleum products, realized a total sales volume of 25.96 trillion yuan, up 26.9 percent year-on-year.
Enterprises above designated size boasted an online retail sales volume of 70.15 billion yuan in 2022, a year-on-year increase of 15.6 percent, 9.4 percentage points higher than the nation's average.
Auto enterprises above designated size recorded a sales volume of 40.39 billion yuan last year, up 4 percent year-on-year. Among them, the sales volume of new energy vehicles stood at 7.52 billion yuan, a year-on-year increase of 52.1 percent.
In 2022, accommodation and catering enterprises above designated size also enjoyed a steady growth, with sales volume of accommodation enterprises reaching 69.2 billion yuan, up 7.6 percent year-on-year, and that of catering enterprises hitting 12.12 billion yuan, a year-on-year increase of 22.6 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.