Enterprise information
Xiamen Superior Export Products
Located on the southeast coast of China, Xiamen faces Kinmen Island and lies opposite to Taiwan Island and the Penghu Islands across the Taiwan Strait. Legend has it that white egrets inhabited this area in ancient times, hence its name Egret Island. Xiamen, with a permanent population of 3.67 million, covers a land area of 1,573.2 sq.km. and a sea area of 390 sq.km.. As one of China's five Special Economic Zones as well as a city listed by the State on separate development planning, Xiamen is granted provincial-level administrative authority on economy and local legislative power. There are six administrative districts in Xiamen, namely Siming, Huli, Jimei, Haicang, Tong'an and Xiang'an. Southern Fukinese is the city's pervasive local dialect.
The mainstream industries in Xiamen include the six pillar industries, namely, electronics, machinery, shipping and logistics, MICE, finance and commerce and software and information service and the six emerging industries, namely information technology, biology and new medicines, new materials, energy conservation and environmental science, marine high-tech industry and cultural and creative industry.
The home trade and commerce sector was a great contributor to Xiamen’s economy. In 2012 the added value of this sector grew by 3.3% to RMB 37.97 billion, ranking high among all of the tertiary industries. It accounted for 13.5% of the GDP and 26.8% of the total added value of the tertiary industry. During the same period, the added value of the finance sector was RMB 23.70 billion, rising by 22.9%; that of the real estate business was RMB 20.65 billion, up 13.5%; that of the transportation and logistics sector was RMB 17.08 billion, increasing by 18.9%.
In 2012, the output value of the industrial establishments with annual sales income exceeding RMB 20 million reached RMB 443.08 billion, increasing by 13.1% over last year.
In 2012, there were 679 machinery and electronics enterprises which ended the year with an annual sales income of over RMB 20 million. The output generated by such enterprises rose by 7.9% to RMB 284.3 billion, accounting for 64.2% of the total output of all industrial establishments with an annual sales income exceeding RMB 20 million.
Of the total output of industrial establishments with annual sales income exceeding RMB 20 million, 78.2%, i.e. RMB 346.53 billion, were generated by foreign, Hong Kong, Taiwan and Macao funded enterprises, rising by 18.2%.
Xiamen is the largest producer and exporter of tungsten products in the world, the largest producer of hearing aids and hearing equipment in the Asia-Pacific region and a major computer exporter and aircraft maintenance center in China.
Xiamen is one of China’s biggest producers and sellers of digital audiovisual devices, capacitors, IC lead frames, relays and optoelectronic equipment.
By the end of 2012, 55 out of the Fortune 500 companies have set up business and invested in 99 projects in Xiamen with a total investment of USD 5.16 billion.