Report on the Development of the Xiamen Special Economic Zone

Abstract

Faced with the downward pressure on the economy, the Xiamen Special Economic Zone accelerates the implementation of the innovation-driven developmental strategy and has achieved good results in areas such as steady growth, reform, restructuring, benefiting people’s livelihood and preventing risks. Its economy grows steadily, the industry shows a trend of high at the start and low in the end, the service sectors have become the main engine of economic growth, the fixed asset investments are making progress in an orderly manner, and the consumer market reflects a steady and positive growth trend. The pace of industrial transformation is accelerating, and innovation is becoming the most important driving force for its economic and social development. The urban infrastructure is constantly improved and the ecological environment is continuously optimized. The reform in key areas has intensified, the economic achievements of the free trade area are becoming prominent, and the opening-up continues to advance. However, due to the impact of the international economic situation, the volume of Xiamen’s imports and exports is relatively low. The scale of new growth points is still small, the R&D intensity of enterprises is low, and the momentum of industrial development needs to be strengthened.