Xiamen:


Xiamen (Mandarin pronunciation: [ɕjâmə̌n]), also known as Amoy /əˈmɔɪ/, is a major city on the southeast (Taiwan Strait) coast of the People's Republic of China. It is administered as a sub-provincial city of Fujian province with an area of 1575.16 km2 and population of 3.61 million. Its built up area is now bigger than the old urban island area and covers now all six districts of Xiamen (Huli, Siming, Jimei, Tong'an, Haicang and recently Xiang'an), for a total of 3,531,147 inhabitants. It borders Quanzhou to the north and Zhangzhou making with this city a unique built up area of more than 5 million people. The Jinmen (Kinmen) Islands administered by the Republic of China (Taiwan) are less than 10 kilometres (6.2 mi) away.
 
Xiamen and the surrounding southern Fujian countryside are the ancestral home to large communities of overseas Chinese in Southeast Asia and Taiwan. The city was a treaty port in the 19th century and one of the four original Special Economic Zones opened to foreign investment and trade when China began economic reforms in the early 1980s. It is endowed with educational and cultural institutions supported by the overseas Chinese diaspora. In 2006, Xiamen was ranked as China's second "most suitable city for living", as well as China's "most romantic leisure city" in 2011.

Xiamen has a diverse and well-developed economy. Primary economic activities include fishing, shipbuilding, food processing, tanning, textiles, machine tool manufacturing, chemical industries, telecommunications and financial services. The city has economic and trade relations with 162 countries[citation needed] and regions worldwide, and benefits from foreign investment, particularly capital from Hong Kong, Macau and Taiwan.

In 2008, a total of 356 projects with foreign direct investment had been approved in the city, with a contractual foreign investment amount of US$1.896 billion and an actual foreign investment amount of US$2.042 billion. In 1992, Xiamen was ranked among the top 10 Chinese cities in relation to comprehensive strengths with its GDP increasing by an average of over 20% annually. In 2008, Xiamen's GDP amounted to 156 billion Yuan, an increase of 11.1% over the previous year; and the per-capita GDP was 62,651 yuan (US$9,017). Further economic reforms were introduced, and this brought the total volume of imports and exports in 2008 to US$45.4 billion, while that of exports totalled US$29.4 billion.

Xiamen is also the host of the China International Fair for Investment and Trade held annually in early September to attract foreign direct investment into the Chinese mainland.

Xiamen has excellent road, rail, air and port infrastructure. In the last few years, Xiamen has invested more than RMB30 billion in infrastructure construction.

Financial services

Xiamen has highly developed banking services. The biggest bank is the state-owned commercial bank, Sino-foreign joint venture Xiamen International Bank, and solely foreign-funded Xiamen Bank.

Various foreign banks that have established representative offices in Xiamen.

There are more than 600 financial institutions in operation in Xiamen.

Industrial Zones

Xiamen Export Processing Zone is located in the south part of Haicang Development Zone only 1.5 kilometres (0.93 mi) from Haicang Port Area, 10 kilometres (6.2 mi) from Gaoqi International Airport and 3 kilometres (1.9 mi) from Haicang railway station. It has a favorable geographical location and well-developed transportation network, especially sea transportation. It has a total planned area of 2.4 square kilometres (0.93 sq mi) with 1.46 square kilometres (0.56 sq mi) for the first phase. Industries encouraged in the zone include Biotechnology/Pharmaceuticals, Chemicals Production and Processing, Heavy Industry, Instruments & Industrial Equipment Production, Medical Equipment and Supplies, Research and Development, Shipping/Warehousing/Logistics, Telecommunications Equipment, Trading and Distribution.

Xiamen Haicang Taiwanese Investment Zone is situated to the southeast of Xiamen Island, at the tip of the Xiamen-Zhangzhou-Quanzhou Delta in South Fujian bordering Zhangzhou City to the west, Jimei District to the north, and overlooking Xiamen Island across the narrow water. The 100-square-kilometer Haicang Taiwanese Investment Zone is the largest national Taiwanese investment zone authorized by the State Council in 1989. It is situated close to Xiamen Port.

Xinglin Taiwan Merchants Development Zone was approved to be established on 20 May 1989 by the State Council. The planned area is 19.36 square kilometres (7.47 sq mi) and the current area is 12.5 sqkm. The zone is located in Jimei, Xiamen. The main industries set up in the zone are chemistry, machinery, textile and electronics. The zone is 8 kilometres (5.0 mi) from the Xiamen Gaoqi International Airport and 3 kilometres (1.9 mi) from the 319 National Highway.

Torch Hi-tech Industrial Development Zone was approved by the State Council as one of China's national level high-tech industrial development zones in March 1999. In 2001, the zone became the first to achieve 10 billion yuan per square kilometer target output level. It is located close to Xiamen Gaoqi International Airport.

In 1992, Xiamen Xiangyu Free Trade Zone is established and approved by The State Council. The overall planning area is 0.63 square kilometres (0.24 sq mi). In 2008, there are 1100 enterprises in this park. Industries encouraged in the zone include Electronics Assembly & Manufacturing, Garment and Textiles Production, Trading and Distribution, Research and Development, Shipping/Warehousing/Logistics.