In 2016 Xiamen's GDP reached 378.4 billion yuan ($56 billion), an increase of 7.9 percent year-on-year. [Photo/People's Daily Online]
Host city's rising economic profile
Xiamen's Gross Domestic Product (GDP) in 2016 reached 378.4 billion yuan ($56 billion), an increase of 7.9 percent year-on-year, with per capita GDP of 96,536 yuan. New contractual foreign investments were worth $7.6 billion. The service sector accounted for 69.1 percent of Xiamen's economic growth. The city received 67.7 million domestic and overseas visitors, reaping in 96.8 billion yuan in tourism revenue.
Belt and Road connectivity
According to China's Belt and Road Initiative blueprint, Xiamen is set to become the strategic pivot city of the 21st Century Maritime Silk Road. With China (Xiamen)-Europe freight trains running along the Silk Road Economic Belt across Eurasia, Xiamen is conveniently connected to the Polish city of Lodz, the gateway to Eastern Europe, thus linking the Maritime Silk Road with the Onland Silk Route.
China has launched a new pilot program to allow eligible enterprises greater access to overseas financing in support of green and low-carbon transformation projects, the country's foreign exchange regulator said on Aug 21.
To further streamline the experience, China is expanding tax refund stores, broadening the range of refundable goods, and refining refund procedures, ensuring an efficient and seamless shopping experience for global visitors.
