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Press release content from MarketersMEDIA. The AP news staff was not involved in its creation.

The 40th anniversary of the establishment of Xiamen as a special economic zone marks a new start

December 22, 2021 GMT

The 40th anniversary of the establishment of Xiamen as a special economic zone marks a new start

On the west coast of the Pacific Ocean, Xiamen, a small island city that was once closed and backward, has miraculously emerged in the east of the world with a posture of “high-quality, high-value, modern, and international”. In a blink of an eye, the Xiamen Special Economic Zone has gone through 40 years of opening to the outside world. Over the past 40 years, Xiamen’s GDP has increased by 862 times, total fiscal revenue has increased by 692 times, and the urban built-up area has expanded by more than 18 times. It has won the national civilized city “six consecutive championships”. A series of achievements have clustered Xiamen’s continued growth.

Promote reform effects by increasing reform efforts

Reform and opening up complement and promote each other. President Xi emphasized that the special economic zone must always stand at the forefront of reform and opening up, prioritize exploration in all aspects of system reform, and provide the country with more replicable and extendable experience. Xiamen insists on system innovation as the core, continues to promote reform and opening up on a larger scale, broader field, and deeper level, and is constantly advancing towards building a new economic system with an open socialist system as its distinctive feature.

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Institutional openness adds vitality

During this year’s “Double 11” period, Xiamen’s cross-border e-commerce data was surprising: on November 1, the number of cross-border e-commerce business declarations on Xiamen’s “single window” platform reached 197,000, a year-on-year increase of more than four times.
The new foreign trade model represented by cross-border e-commerce is the result of bold attempts and independent adjustments in the Xiamen area of the China (Fujian) Pilot Free Trade Zone. Since its listing on April 21, 2015, Xiamen area of the China (Fujian) Pilot Free Trade Zone has proactively used advanced international economic and trade rules to promote investment and trade facilitation. 111 innovative measures were the first in the country, and 30 Xiamen experiences were replicated and promoted nationwide. Over the past six years, Xiamen area of the China (Fujian) Pilot Free Trade Zone has launched a total of 498 innovative measures. At present, 14 key platforms such as aviation maintenance, imported wine, integrated circuits, cross-border e-commerce, and bird’s nest have been built.

Promote industrial transformation and upgrading through opening up

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Right now, the eastern part of Xiamen is busy building a new sports exhibition city. In the future, Xiamen should strive for more opportunities for international conferences, exhibitions and brand activities to come to Xiamen. Xiamen is unswervingly improving the level of open economy and unswervingly perfecting the system of opening up to the outside world, injecting new impetus, adding new vitality, and expanding new space to the high-quality development of the economy and society.

To enhance the level of openness and promote industrial transformation and upgrading, Xiamen is accelerating the construction of a modern economic system. Now Xiamen has formed a number of advantageous industrial clusters such as electronic information, shipping logistics, tourism and exhibitions, and 9 industrial chains of 100 billion yuan including flat panel displays, computers and communication technology equipment. In addition, strategic emerging industry clusters such as biomedicine and health, new functional materials are also growing.

Promote technological innovation with openness

On November 17, on the first anniversary of the establishment of the Xiamen BRICS New Industrial Revolution Partnership Innovation Base, the 2021 Xiamen BRICS Innovation Base Talent Track and Overseas Talent Innovation and Entrepreneurship Competition Finals online review work is underway. These entrepreneurial projects cover a new generation of information technology, biomedicine and medical equipment, new energy and new materials, and other fields, all of which are urgently needed and key industries in Xiamen.

The BRICS Innovation Base will focus on the three key tasks of policy coordination, talent training, and project development, continuously improve the ability to use global innovation resources, and promote the steady development of the new industrial revolution. Intensifying efforts to introduce capital and talents, Xiamen has continuously improved its technological innovation capabilities in opening up to the outside world. Today, Xiamen has 2282 state-level high-tech enterprises, the investment in research and development of the entire society has reached 3.08%, the added value of high-tech industries accounts for 43.4%, and the construction of a national independent innovation demonstration zone is accelerating.

40 years ago, the GDP of Xiamen was only 640 million yuan. Today, Xiamen accounts for 1.4% of the total land area of Fujian Province, creating 14.5% of the province’s GDP, 26.2% of fiscal revenue and nearly 50% of the total foreign trade imports and exports. In 2020, the GDP of Xiamen was 638.402 billion yuan, and the per capita GDP reached 124,000 yuan.

Today, Xiamen has developed into a city of high-quality innovation and entrepreneurship, with the rapid development of new economic industries, trade and investment going hand in hand, and various modes of transportation to all parts of the world. Over the past 40 years, Xiamen’s total foreign trade volume have grown at an average annual rate of 18.1%. “Made in China” has been sold to more than 220 countries and regions through Xiamen. Its comprehensive foreign trade competitiveness ranks sixth among the top 100 cities in the country.In 1983, Xiamen’s actual use of foreign capital was only US$80 million; today, 63 global top 500 companies have invested in 114 projects in Xiamen. Xiamen actively serves and deeply integrates into the new development pattern. Make full use of the international and domestic markets and two resources to accelerate the construction of Taiwanese investment zones, export processing zones, deepen cross-strait exchanges and cooperation, comprehensive supporting reform pilot zones, free trade pilot zones, and independent innovation demonstration zones. Continuously improve the effectiveness and level of utilization of domestic and foreign investment, making the two-way radiation circle larger and larger.

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Source: MarketersMedia

Release ID: 89057587