An aerial photo of a port in Xiamen, Fujian province. [Photo/WeChat account: xiamen_swj]
Xiamen in Fujian province was ranked seventh among China's top 100 cities for foreign trade in 2020, according to a list released by the General Administration of Customs on Oct 20.
The list is based on factors including a city's foreign trade competitiveness, structural competitiveness, and potential competitiveness.
In 2020, Xiamen's imports and exports of goods totaled 691.58 billion yuan ($106.92 billion), up 7.8 percent year-on-year, which was 5.9 and 2.3 percentage points higher than the national and provincial growth rates respectively.
Due to its effective COVID-19 control and prevention measures in 2020, China took the lead globally in the resumption of production and economic recovery. As a result, Xiamen had the opportunity to show its capability and competitiveness in foreign trade.
In the first three quarters of this year, the city's imports and exports totaled 657.02 billion yuan, an increase of 29.5 percent compared to the same period last year.
In addition, the city's imports and exports have continued to exceed 80 billion yuan a month since July.
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.
