Vital Statistics (2006)
GDP: RMB 116.2 billion
GDP per Capita: RMB 49,887
Economic Growth Rate: 16.7%
Population: 1.09 million (urban) – 1.24 million (rural)
FDI: US$0.955 billion
Annual Average Wage: RMB18, 513
World Bank Government Effectiveness Rating: 16th
2006 Chinese Cities Competitive Rating: 19th 

Economic Overview
Xiamen boasts one of the most vibrant economies on the southeast coast of China and is one of the most competitive cities in the country. A beautiful "seaside garden" city, Xiamen has a booming tourism industry and is orienting itself towards attracting new visitors through eco-tourism. Located opposite Taiwan, the city is also a logical mainland center for Taiwanese sightseers and holiday-goers and offers visitors a complete tourist-friendly infrastructure and a broad array of recreational facilities.

In recent years, Xiamen's economy has experienced a sustained period of rapid economic development, greatly enhancing the city's domestic and international reputation. In 2006, the gross domestic product (GDP) of the city reached 116.24 billion RMB, an increase of 16.7% over the previous year. This incredible growth rate ranks first among the mainland's 15 sub-provincial cities, which include, besides Xiamen itself a very competitive list: Harbin, Changchun, Shenyang, Dalian, Jinan, Qingdao, Nanjing, Hangzhou, Ningbo, Guangzhou, Shenzhen, Wuhan, Chengdu and Xian; virtually a who's who of fast-rising economic centers in China. The city's 2006 GDP per capita reached 49,887 RMB, with a total investment in fixed assets of 66.21 billion RMB. 

All in all, Xiamen is one of the best cities for living in China. With eye-catching coastal beauty, it is frequently visited by international cruise ships. The city has also won a number of national and international honors such as the 1997 National Model City for Environment Protection, the 2002 International Garden City Award, the 2004 UN-Habitat Scroll of Honor Award, the 2005 National Sanitary City Award and China's 2005 Top Ten Livable Cities Award, to name a few.


 

Economic Contribution Ratios by Sector
In 2006, the primary industries, which include agriculture, forestry, animal husbandry and the fisheries, contributed 1.6% of Xiamen's GDP; the economic contribution ratio of the manufacturing sector, secondary industries and construction combined represented 54.0%; while the economic contribution ratio of the tertiary sector represented 44.4% of GDP.

 

Composition of GDP (%)

	1981	2000	2006
Primary	21.7	4.2	1.6
Secondary	57.8	52.7	54.0
Tertiary	20.5	43.1	44.4

Foreign Trade Overview
Xiamen's major export markets include Japan, the U.S.A, the EU, Taiwan and South Asian countries. Value added finished and processed products are the main export products, including hi-tech products, machinery and electronic products. Major imports include aircraft and aircraft equipment, batteries, rubber or plastics processing machinery, pulp and paper, architectural technology and heavy machinery for the mining sector. In 2006, Taiwan became the third largest trade partner, with total import and export trade volume with Taiwan reaching US$2.2 billion. Xiamen's overall foreign trade in 2006 was up 14.8% over the previous year, with import/export volume of US$32.79 billion, of which imports totaled US$12.28 billion and exports totaled US$20.51 billion.

Top 5 Export Enterprises (2005)

Company	Export Volume (USD)
DELL	2.44 billion
Xiahua Electronics Co,Ltd.	463 million
Kodak, Xiamen Branch	434 million
Xiamen Taikoo Aircraft Engineering Co. Ltd.	431 million
XIAMEN C&D INC.	360 million

Foreign Trade and Cultural Ties
Xiamen established its first "twin" city with Cardiff in the United Kingdom back in 1983. Since that time, Xiamen has established sister-city relations with 11 cities in 11 different countries around the globe including Baltimore, in the United States and Sasebo in Japan.

The government organizes a number of conferences and invites a number of foreign trade delegations every year to promote foreign investment in Xiamen. The city also plays host to one of China's "Big Three" trade fairs; the China International Fair for Investment and Trade. Sponsored by the Ministry of Commerce of the People's Republic of China and organized by the Fujian Provincial Government and the Xiamen Municipal Government, the fair is held annually from September 8 to September 11 in Xiamen.

2005 Top 5 Sources of Foreign Investment (Millions of USD)

Hong Kong	The UK	Taiwan	Korea	Singapore
194.6	137.5	97.3	67.5	52.1

 

 

Warning：The use of any news and articles published on eChinacities.com without written permission from eChinacities.com constitutes copyright infringement, and legal action can be taken.