Xiamen is an ancient city with a long and varied history. One of China's five special economic zones, Xiamen was once called "Ludao", meaning Egret Island, as many birds of that species used to inhabit the area. During the 20th year of the reign of Hongwu in the Ming Dynasty (1368-1644), the city was named "Xiamen Cheng", meaning gate of the nation. Finally, the name of "Xiamen" stuck.
In October 1980, the State Council made the decision to outline an area of 2.5 square kilometers in Huli, in the north of Xiamen Island, and established Xiamen Special Economic Zone, making it one of the first cities to become a special economic zone in China.
The city has seen rapid growth in economic and social development in recent years.
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.
