Xiamen holds online signing ceremony for 47 key projects

Xiamen in East China's Fujian province held an online signing ceremony on April 26 that attracted 47 key projects worth 72.52 billion yuan ($10.26 billion), according to local media reports.

Among them, eight were from central enterprises, 10 from private companies, 13 from foreign investors, and 16 were related to the city's free-trade zone.

Sino Ocean Group plans to build a data center with investment of 10 billion yuan. It is expected to generate annual revenue of 1.2 billion yuan.

Hu Changsheng, Party secretary of Xiamen, noted that despite the impact of the COVID-19 epidemic, the city has rolled out an array of measures to promote online activities to attract investment.

Hu added that Xiamen will organize more online signing activities for 27 key investment projects worth 55.56 billion yuan. Twenty-nine measures will be introduced to comprehensively deepen construction of a first-class international business environment.

By April 21, Xiamen had attracted 139 new investment projects worth 71.19 billion yuan, and the city had started constructing 21 new projects with a planned investment of 7.37 billion yuan.

Statistics show that in the first quarter of this year, the actual use of foreign capital in Xiamen was valued at 5.97 billion yuan, up 30.1 percent year-on-year and accounting for 53 percent of Fujian’s total number.