BEIJING, May 24 (Xinhua) – Xiamen, a special economic development zone located in the coastal province of Fujian in southeast China, publicized early this month several measures to further promote foreign investment, reported Xiamen Daily.
The new policies, as the city's first set of systemized policies on attracting foreign investment, outlines 12 measures mainly on widening the areas open to foreign investment, stimulating foreign investment growth, encouraging introduction of talents, and optimizing business environment by considering demands of developing key local industries.
According to the measures, Xiamen plans to implement the negative list for foreign investment now prevailing in free trade zones in the whole city to enhance open-up and transparency of local investment environment.
The sub-provincial city, also one of the economic centers in southeast China, will also closely follow the country’s pace and route for widening market entrance to guide foreign investment to flow to such key industrial chains or clusters as flat panel displays, computer and communication equipment.
Apart from these, setting up foreign-funded enterprises by foreign investors via M&A will also be supported and green channels will be provided for encouraged foreign investment projects meeting relevant intensive land use requirements.
Dai Lesheng, vice head of Xiamen Municipal Bureau of Commerce, said currently, the city has delegated concrete tasks to relevant departments and would speed up formulating implementation measures to materialize the policy dividend.
Data from Xiamen Municipal Bureau of Commerce showed that Xiamen’s foreign investment attraction topped other cities in Fujian, with its contracted foreign investment at 16.96 billion yuan for the first quarter of this year, accounting for 58.3 percent of the provincial total. Its actually utilized foreign investment was 3.76 billion U.S. dollars, taking up 40.5 percent of the total. (Contributed by Duan Jing, duanjing@xinhua.org; edited by Zhang Aifang)
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