Xiamen further promotes foreign investment amid epidemic

The coastal city of Xiamen, in East China's Fujian province, has further improved its business environment and attracted more foreign investors, local media reported April 30.

Statistics from the Xiamen Municipal Bureau of Commerce show that 1,322 foreign-invested enterprises were newly set up in 2019 in the city, up 8.8 percent year-on-year.

Contractual foreign capital reached 35.52 billion yuan ($5.11 billion), accounting for 32 percent of the province's total, and paid-up foreign capital was 13.42 billion yuan, an increase of 25 percent year-on-year and accounting for 42.6 percent of the province's total amount.

Officials from the city's commerce bureau said that it had introduced an array of measures to implement the city's deepened opening-up policies, step up investment promotion, make business opportunities more accessible to foreign investors and better protect their legal rights.

More than 10 high-level promotion activities which focused on modern services and cultural tourism had been held, resulting in some high-quality cooperative projects being settled in the city.

Since the outbreak of the COVID-19 epidemic, the city's commerce bureau has rolled out a series of measures to ensure a steady economic recovery, such as launching online investment platforms, and offering non-contact services to further promote the city's business environment and attract more foreign investors.