Xiamen sales growth for consumer goods tops 28% in first half of year

Local Commerce officials announced last week that total retail sales of consumer goods in the first half of the year hit 141.5 billion yuan, up 28.1 percent year-on-year. The growth rate was 10.2 percent higher than Fujian’s province-wide growth rate. Xiamen’s retail sales growth rate for consumer goods topped the province for the fifth consecutive month. The city’s wholesale and

International approach delivers huge growth

Xiamen city in eastern Fujian province is striving to become a top business destination and innovation incubator by aligning its rules and regulations with international ones and by learning from the best. Since it was launched six years ago, the Xiamen Area of China (Fujian) Pilot Free Trade Zone has delivered impressive results in improving its business environment, according to

Development finance to facilitate Xiamen businesses

The Xiamen municipal bureau of commerce signed a development finance collaboration memorandum with China Development Bank Xiamen Branch on Aug 3 in Xiamen, East China’s Fujian province. According to the memo, the two sides will strengthen cooperation in new-type infrastructure, new-type urbanization, key programs, advanced manufacturing, the Belt and Road Initiative, social welfare, and the innovation base construction of the

Regulation adherence tops 96% for carhailing firms in Xiamen

Local transportation officials recently held a press conference reiterating that unlicensed cars and drivers are not allowed to participate in online carhailing platforms. Authorities noted that compliance with vehicle and driver regulations hit 96.7 percent, with Xiamen ranking first in 36 major cities for four consecutive months. Officials also noted that all drivers are required to provide accurate data. A

Xiamen FTZ GDP tops 39B yuan in first half of year

Xiamen Free Trade Zone representatives announced last week that total gross domestic product in the zone exceeded 39 billion yuan in the first half of the year, up 21.6 percent year-on-year, for an average two-year growth rate of 12.5 percent. Officials also announced the addition of 623 new investment projects in the first half of year, up more than 2.4

Xiamen sales growth for consumer goods tops 28% in first half of year

Local Commerce officials announced last week that total retail sales of consumer goods in the first half of the year hit 141.5 billion yuan, up 28.1 percent year-on-year. The growth rate was 10.2 percent higher than Fujian’s province-wide growth rate. Xiamen’s retail sales growth rate for consumer goods topped the province for the fifth consecutive month. The city’s wholesale and

Foreign trade product exhibition turns online

A large exhibition of foreign trade products scheduled to be held from July 30 to Aug 1 in Xiamen, East China’s Fujian province, was cancelled in order to assist the city’s pandemic prevention and control work. The exhibition was instead held online on July 30, and the livestreaming studio was located at Lujiang Hotel on Zhongshan Road, where more than

5 goals and 28 measures to boost Xiamen’s digital business

In order to guide the digital and intelligent transformation of Xiamen’s business areas, the Xiamen municipal bureau of commerce recently issued a document that lists five goals as well as 28 detailed measures to ensure the high-quality development of digital businesses. The bureau calls for the trade digitalization, the in-depth fusion of the digital economy and service trade, redoubled efforts

Xiamen FTZ records GDP of 39.02b yuan in H1

The Xiamen Area of the China (Fujian) Pilot Free Trade Zone in Xiamen, East China’s Fujian province, recorded a GDP of 39.02 billion yuan ($5.85 billion) in the first half of 2021, up 21.6 percent year-on-year, while the average annual growth rate for the past two years stands at 12.5 percent. A total of 623 new business projects were launched

Quality foreign trade products to be exhibited in Xiamen

A large-scale exhibition of products produced by domestic foreign trade manufacturers will be unfolded from July 30 to August 1 in Xiamen, East China’s Fujian province. The three-day event will reportedly be held at night on the pedestrian street of Zhongshan Road. More than 60 Xiamen-based foreign trade enterprises will participate in the exhibition, most of which have developed their