Quanzhou fuels marine economy

 The Quanzhou Development and Reform Commission has laid out several major projects for 2020, focusing on major marine industries such as marine biomedicine, marine engineering equipment, modern fisheries and marine tourism.

Based on existing marine economic industrial parks in the city, the projects are expected to bring the local marine economy to a new level. 

Quanzhou has a sea area of 11,360 square kilometers, a 541-km-long coastline, 14 large and small harbors and 207 islands. Most of the harbors are deep-water harbors which provide 123 deep-water berths of more than 10,000 tons. 

It also boasts large fishery resources. The area of marine fishing grounds is more than 5,000 sq km, 118 sq km of which can be exploited. There are more than 500 main kinds of aquatic organisms, nearly 100 varieties of commercial fish, and more than 200 kinds of shellfish and algae.

According to the Quanzhou Development and Reform Commission, 28 projects launched in 2020  were recognized as key projects under construction in Fujian Province, with a total investment of 68.292 billion yuan ($999.22 million). 

These projects cover fields such as emerging marine industries, water product deep processing and cold chain logistics, marine tourism, shipping logistics and marine ecology. 

They have attracted annual investment of 15.64 billion yuan, accounting for 112.5 percent of the annual investment plan. 

According to local officials, the commission has received provincial-level funding of 15.17 million yuan for marine biopharmaceutical projects. 

Marine productive projects and comprehensive marine utilization projects in Quanzhou will receive subsidies of 20 million yuan from the municipal marine economic development fund.

 The coastal city of Quanzhou has a unique advantage in developing its marine economy. [Photo/people.com.cn]

Intelligent upgrading boosts Quanzhou's manufacturing industry

 Benefiting from the developed foundation of its real economy, Quanzhou, a city in East China's Fujian province, has further focused on intelligent manufacturing to promote project construction, to enhance the digital transformation and upgrading of its manufacturing industry, and to achieve high-quality development.

On the basis of promoting numerical control (NC) and automation demonstration products and demonstration production lines, the city has innovated its system integration capabilities, forming a complete set of digital workshops and intelligent factory solutions.

Equipment status and production orders can be seen through the terminal display at a warp knitting workshop of SinceTech Group in Quanzhou. [Photo/qzwb.com]

"Since this year, the COVID-19 epidemic has broken the normal industrial operation model to a certain extent, but it has made enterprises deeply aware of the need for the upgrading of the manufacturing industry," said a staff member at Quanzhou municipal bureau of industry and information technology.

Through intelligent transformation and strengthening the application of NC technology, traditional industrial enterprises can reduce labor by at least 30 percent and shorten the product development cycle by more than 40 percent.

An automatic guided vehicle robot transports products to the production line. [Photo/qzwb.com]

Enterprises can also effectively shorten procurement costs by accelerating the layout of intelligent manufacturing networks and deploying logistics and transportation resources.

According to related statistics, there are currently more than 2,300 industrial enterprises above a designated size - those with an annual sales revenue surpassing 20 million yuan ($2.8 million) - in Quanzhou which are participating in the "NC New Generation" intelligent transformation and upgrading program, accounting for nearly half of the city's total.

 

Xiamen Tourism Attraction

 Nanputuo Temple

Nanputuo Temple has a history dating back to the Tang Dynasty. It was expanded during the Ming Dynasty and renovated during the Qing Dynasty. Facing the harbor and worshipping Guanyin (Goddess of Mercy), the temple is akin to the Guanyin Temple on Putuo Mountain in Zhejiang Province, hence its name "Nanputuo" (literally, "South Putuo"). The temple is nestled snugly at the foot of five soaring peaks–the Bell Peak (the First Peak), the Second Peak, the Middle Peak (the Third Peak), the Fourth Peak, and the Drum Peak (the Fifth Peak).

 

Kulangsu

Kulangsu is a symbol of Xiamen, and has been praised as "Island of Music" and "Exposition of Worldwide Architectures". Kulangsu covers an area of 1.87 square kilometers, and has famous tourist attractions like Sunlight Rock, Shuzhuang Garden and Harmonium Museum.

As the tide comes in, the waves hit rocks, producing great sound like beating drums, and this is how Kulangsu gets its name. Here you may stroll to a quiet lane, or take a sunbath on the beach; there are Chinese and western architectures of various features, and natural scenery that will make poets and literary men want to compose poems and prose.

Shu Ting, a famous poet, said: "Kulangsu has tied me to her skirt. Neither can she get rid of me, nor can I leave her." Indeed, Kulangsu is a beautiful place that people would find it hard to forget.

 

Xiamen Botanical Garden

Xiamen Botanical Garden is the first of its kind in Fujian Province, and has an area of 4.93 square kilometers. Sitting in the cradle of mountains and lakes, the Garden is the host of a variety of tourist attractions, including over 7,000 kinds of plants and many precipice inscriptions. Here you can get away from the hustle and bustle of city life.

 

Railway Park

The Railway Culture Park which is situated between Wenping Road and Heping Pier used to be a part of Yingtan-Xiamen Railway. The old railway tracks had been wasted for years until 2011 when the construction of the Railway Culture Park began. Today it is a belt-shaped park which connects neighboring scenes and trails.

 

 

Yundang Lake

Yundang Lake was originally called Yundang Port. Historically, the northern shore of the port was flanked by a massive grove of giant bamboo trees known locally as "Yundang", hence the lake's current name. Land reclamation in the 1970s turned the port into a 1.7-square-kilometer lake, with a 400,000-square-meter terrace in the middle, called "Bailuzhou". 

The lake has a fascinating nightscape that originated from the erstwhile "Yundang Fishing Lights". The areas around the lake contain a large number of sightseeing, leisure, recreational, fitness, shopping and catering facilities. Being the geographic center of both the city's old and new urban districts, the lake is a testimony to the extraordinary changes of the city over the time.

 

 

Zhongshan Road

Located at the southwest of Xiamen Island, Zhongshan Road was built in 1925 and is about 1.2 kilometers long. Since its establishment, Zhongshan Road has been the economic center of Xiamen and is the only commercial street facing the sea in China. Zhongshan Road is the main commercial pedestrian street in Xiamen. It is 1,198 meters long and 15 meters wide. Most of the buildings along the street were constructed by the returned overseas Chinese in 1920s. Nowadays there are hundreds of department stores, restaurants, and theaters on both sides of the street, attracting both locals and tourists with endless array of beautiful commodities.

 

Zengcuo'an

Zengcuo'an has developed from a fishing village into an artistic village with a main population being students and young artists. Over the years, the art village has begun to take shape as more and more artists like sculptors, musicians, poets and travelers swarmed to this village. Strolling along the five streets and eighteen lanes of Zengcuo'an, you will encounter artistic pieces of all kinds of styles.

 

 

Shapowei

The old inhabitants of Xiamen called the coastal section of Siming South Road Shapowei, which is situated between Yanwu Road and Dashengli. Sha Po Wei is the only shelter dock in downtown Xiamen and represents the memories of the old Xiamen locals for the ocean. Now it has become a great place of seafood and boutique shops. While Zengcuo'an is more of a neighborly and cozy place, Shapowei presents a rather international and refreshing appearance.

 

 

Xiamen University

Situated at the foot of mountains and beside the sea, Xiamen University boasts fascinating scenery. Together with its unique architecture, it is praised as the most beautiful university of China. Walking in the campus, you can see the classical red corniced architecture of Tan Kah Kee style. It is a blend of the swallow-tailed ridge and red-brick walls of the southern Fujian style and the high stone walls and flower-shaped window frames of the western style.

 

Revenues reach 197.2 billion yuan in Xiamen software industry in 2020

 2020 saw a rise of 13.8% year on year to 197.259 billion yuan in revenue for Xiamen's software industry. Currently, there are 10 software enterprises worth more than 1billion yuan and 306 ones above the designated scale in this city. Xiamen ranked among the top six cities nationwide in terms of the number with its 7 enterprises selected for the annual list of China's top 100 enterprises last year, including 3 making the list of China's top 100 software enterprises, i.e. Xiamen Information Group, Gibbit and Yealink. Revenue from Xiamen's software industry has accounted for more than half of the province, with 22 enterprises selected as the top 30 Internet enterprises in Fujian Province. Such industry in Xiamen also enjoys strong competitive advantages in animation games, digital culture and creativity, artificial intelligence, big data, smart city and other subdivided fields.

Xiamen manufacturing industry quality remains competitive

 Recently, Xiamen Municipal Market Supervision Bureau released the "Monitoring Report of the City's Manufacturing Industry Quality Competitiveness Index in the Past Ten Years". Based on the measurement of the relevant data of nearly 2,000 enterprises above designated size in Xiamen, the city's manufacturing sector quality competitiveness index achieved the highest score of 90.61 in 2019 in recent years, retaining its position in terms of relatively strong competitiveness. Over the past decade, the average manufacturing quality competitiveness index of six administrative regions of Xiamen has increased from 82.19 in 2007 to 89.91 in 2019. In addition, the average quality competitiveness index of the manufacturing industry in Xiamen has also been on a gradual rise from 79.33 in 2007 to 86.21 in 2019. 27 of the existing 29 manufacturing industries have gone up. The report also shows that Xiamen has an obvious late-mover advantage in manufacturing sector quality competitiveness, as evidenced by its 0.8% average annual growth rate, higher than that of the Yangtze River Delta (0.61%), Beijing-Tianjin-Hebei region (0.47%) and the Pearl River Delta (0.25%).

Xiamen establishes goals for the economic development of industry and information

 Xiamen has established the expected 2021 goals for the economic development of industry and information as follows: industrial output value of 800 billion yuan, industrial added value above the designated size to grow by 7.5% to 8%, industrial investment to rise by 10% to reach 45 billion yuan, including an increase of 14% in technological innovation projects. Efforts will be made to add 300 new national high-tech enterprises, 33 new little giant leaders in technology, 11 new gazelle enterprises, 196 new "three-high" (high technology, high growth, high added value) enterprises that have doubled in size, and 3 new "three-high" enterprises listed. Also, Xiamen will strive for an industrial added value surpassing 270 billion yuan by 2025, with the total output value breaking the 1 trillion yuan mark and the proportion of industrial added value to regional GDP remaining at more than 27%.

Output value of Xiamen's six industry chains exceeded 10 billion Yuan From January to May

 Xiamen's economy maintains a steady growth. From January to May, the value added of Xiamen's industrial enterprises above designated size increased by 25.1% over the same period last year, and the two-year average growth rate is 11.8%, which is 4.6 percentage points higher than the province's two-year average. From January to May, the city's industry chain in industry sector has continued to improve, and six industry chains have had an output value of over 10 billion Yuan. The consumption realm also continued to maintain a good growth momentum. In the first five months this year, Xiamen's total retail sales of consumer goods reached 118.406 billion Yuan, an increase of 32%, which was 11.9 percentage points higher than the provincial average.

Xiamen boasts eight ten-billion-yuan industrial chains

 From January through July, the industrial added value of Xiamen enterprises above the designated scale witnessed a year-on-year growth of 20.1%, registering a two-year average growth of 10.5%, which is 3.6 percentage points higher than the provincial level. From the perspective of industries, 29 out of 35 main industrial categories realized growth from January to July, accounting for 82.9 percent of the total. Main drivers boosting the growth of industries above the designated scale include pharmaceutical manufacturing, computer communications and other electronic equipment manufacturing, electrical machinery and equipment manufacturing industries. From January to July, the industrial added value of citywide high-tech industries accounted for 43.7% of the total industrial added value above the designated scale, up by 32.1%, which is 12.0 percentage points higher than the latter and witnesses a two-year average growth of 16.2%. From January to July, all the industrial chains of Xiamen operated well and eight of them already reached an output of more than ten billion yuan.

Innovative development of digital economy planned in Xiamen

 Recently, Fujian Province released the Work Plan for the National Pilot Zone (Fujian) for Innovative Development of Digital Economy, which proposes to achieve an added value of more than 2.6 trillion yuan by 2022 in the province's digital economy. For this purpose, five key tasks will be implemented. Among them, Xiamen has been repeatedly mentioned, including implementing the promotion action of digital economy park to guide Xiamen Software Park and other key parks to expand characteristic industries; supporting the building of Xiamen City Brain; speeding up the construction of the Innovation Center of the BRICS Partnership on New Industrial Revolution in Xiamen; expediting the progress of Xiamen Software Park National Digital Service Export Base; raising the construction level of the Cross-border E-commerce Comprehensive Pilot Zone in Xiamen; building and upgrading Xiamen Kunpeng Supercomputing Center; and enhancing the intelligence level of Xiamen Airport.

Xiamen Torch panel display industry again rated "five-star"

 According to the development quality evaluation results of the national new industrial demonstration base in 2020 released recently, the electronic information (photoelectric display) of Xiamen Torch was awarded the highest level of "five-star" for the second consecutive year. It is also the only five-star demonstration base in Fujian Province. In 2020, Xiamen Torch achieved an output value of 143.39 billion yuan in the panel display industry, accounting for 95.6% of the city, 1.9 percentage points higher than that in 2019. The first two months of this year witnessed an output value of 18.79 billion yuan, up 14.2% year on year.

Xiamen enterprises join forces to win the national award for integrated circuits

 Recently, a number of integrated circuit enterprises in Haicang, Xiamen teamed up to win the "IC Innovation Award" industrial chain cooperation award, marking the first time for Fujian enterprises to win this honor. Xiamen Semiconductor Investment Group, EPICMEMS, Sky Semiconductor, Silan Jike Microelectronics, Silan Gallium Compound Semiconductor, and Tongfu Microelectronics, etc. were awarded the industrial chain cooperation award for their "three-chain integration" of industrial chain, innovation chain and financial chain to promote the development of semiconductor industry.

Xiamen launches measures to boost the intelligent audio-visual industry

 This year marked the official implementation of the Several Measures for Promoting the Development of Intelligent Audio-Visual Industry jointly issued by multiple departments of Xiamen, which includes supporting and encouraging policies targeted at various links of the intelligent audio-visual industry chain, in order to push forward the industry's transformation and upgrading. The Several Measures consist of 10 policy measures for supporting and encouraging different enterprise subjects, including encouraging intelligent audio-visual enterprises to settle in Xiamen, facilitating the industry cluster development, and supporting the construction of an industrial foundation platform. Xiamen has also set up the "China (Xiamen) Intelligent Audio-Visual Industry Base" in the Software Park. Xiamen’s next step will focus on advancing the construction of this national-level network audio-visual industry base, with a view to attracting over 100 enterprises to settle in at a total output value exceeding 10 billion yuan in three years upon completion.

Marine Economy Set to Boom in Xiamen During 14th Five-Year Plan Period

 XIAMEN, China, November 26, 2021--(BUSINESS WIRE)--

Xiamen’s marine economy is expected to embrace high-quality development during the 14th Five-Year Plan period (2021-25) as it has recently been guaranteed a leading city status in developing marine sectors in East China’s Fujian province.

The municipal government released two development plans, which noted that efforts should be made to enhance its role in bolstering the province's marine economy.

According to the plans, Xiamen will set up strategic emerging marine industrial clusters by promoting the commercialization of scientific and technological achievements.

Efforts will be made to speed up the construction of a national demonstration zone for the marine economy. Marine biological industries will also be cultivated, and build global supply bases for marine products.

Xiamen will foster new drivers of growth for marine economy, such as building itself into a Southeast International Shipping Center and improving the efficiency of the ocean shipping transportation system.

The plan noted that as of 2023, Xiamen will set up a modern marine industrial system supported by emerging marine industries, modern fisheries, port logistics, and high-end coastal tourism.

The local government has also stepped up efforts to improve basic research capability, and build a batch of marine scientific research institution. A wide range of supportive measures have been rolled out to further stimulate the vitality of scientific and technological innovation.

A high-tech industrial park for marine industry is expected to be built in Xiamen, which will push forward the development of high-end marine industries.

Supported by strong scientific and technological prowess, the output value of Xiamen’s marine industry will reach 300 billion yuan by 2025, which is estimated to account for 30 percent of the city's total GDP.

As a key port city of the 21st Century Maritime Silk Road, Xiamen will beef up efforts to attract world-class marine enterprises and core technologies, encourage Xiamen enterprises to go abroad, and deepen opening-up and cooperation in the marine economy.

The city will develop itself into a world-class port, an international coastal tourism city, an ocean cultural exchange center for countries and regions involved in the Belt and Road Initiative, as well as a global model for marine ecological governance.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211126005477/en/

Xiamen meetings and event biz grows

Preparatory meetings continue in Xiamen in advance of the city’s hosting of the BRICS Summit next September.

The event is expected to showcase the city’s meeting and exhibition industry venues. Through the first three quarters of the year, Xiamen hosted more than 130 events, up 23 percent year-on-year. The expositions included more than 1.3 million square meters of exhibition space, up 16 percent year-on-year.

“Xiamen’s service system for international events is in the first tier nationwide,” said Wang Qiongwen, the city's director for meetings and exhibitions.

“The city's strengths include advanced facilities, support service and professional staff,” added Mr. Wang.

High-end events this year included the G20 Finance and Central Bank Deputies Meeting, the World Business Leaders Roundtable and the World Cities Day Forum.

Major annual events include the China International Fair for Investment and Trade and the Xiamen Stone Fair, both of which are the largest of their kind. Other events include the International Buddhist Items and Crafts Fair, World Ocean Week and Xiamen International Fashion Week.

The city also hosts a number of events that draw large numbers of guests, including the Xiamen International Marathon, a 70.3 Ironman and a choral festival.

[ Web editor：Wu Jianhan     Source：Common Talk ]

Digital economy embraces stupendous growth in Fujian

Fujian's digital economy is valued at 1.42 trillion yuan in 2018, ranking it in seventh place nationwide. [Photo provided to chinadaily.com.cn]

Fujian's digital economy recorded 1.42 trillion yuan in 2018, ranking it seventh nationwide, according to a white paper on China digital economic development and employment recently released by the China Academy of Information and Communications Technology.

The figure also indicated year-on-year growth of 22.39 percent, the second fastest across the country, just following Guizhou province.

Fujian's industrial parks involved in the digital sector sustained strong momentum. They include the Digital Fujian (Changle) Industrial Park, the Digital Fujian (Anxi) Industrial Park, Fuzhou Software Park, Xiamen Software Park and Mawei Internet of Things Base, according to the report.

The integration of the internet with other industries has become a key driver bolstering transformation and upgrading of the real economy in the province.

In 2018, Fujian placed sixth in terms of comprehensive informatization levels in China. Its internet penetration ranked fourth while transaction volumes on cross-border and rural e-commerce platforms both ranked third.

Fujian has become a national pilot zone in the fields of electronic certificates and licenses, wireless government private networks, e-government, healthcare big data and the Belt and Road spatial information corridor.

Further growth of the digital economy in the province is foreseeable as the second Digital China Summit is slated to be held in Fuzhou from May 6 to 8.

According to a State Council Information Office press conference held in late March, around 400 digital economy projects were agreed upon during last year's summit, with a total investment of around 300 billion yuan ($44.7 billion), and nearly 200 of them have begun construction. Fujian is one of the prime investment destinations.

Fujian makes strides in digital economy

The second Digital China Summit & Exhibition is currently underway in Fuzhou, Fujian province. [Photo by Xiang Wenjian/chinadaily.com.cn]

Fujian has leapfrogged in the development of digital economy in recent years, which now has emerged as an important engine driving its rapid economic growth.

In 2018, Fujian's digital economy recorded 1.42 trillion yuan, ranking it seventh among provinces nationwide, according to a recent report released by the China Academy of Information and Communications Technology.

The figure also indicated a year-on-year growth of 22.39 percent, the second fastest across the country, just following Guizhou province.

The digital techs such as the Internet of Things, big data and artificial intelligence has accelerated integration with the real economy in Fujian, said Zhang Zhinan, executive vice governor of Fujian province. He made the remarks while addressing a sub-forum of the ongoing second Digital China Summit in Fuzhou on Tuesday, pointing out that the role of informatization in boost real economy growth is becoming increasingly evident.

Digital technology now has a presence in a wide range of fields in Fujian. E-governance is one such example, and has brought huge benefits to local residents.

According to You Mengjun, mayor of Fuzhou, the province's capital city is leading the nation in saving residents from red tape.

In March last year, Fuzhou launched a mobile app called "e-Fuzhou", which has enabled local residents to have almost all aspects of government services and approvals in daily life at their fingertips. To date, the platform has recorded 1.6 million registered users with 160,000 daily active ones.

Besides, the system of one window for all procedures, which allows international traders to submit all regulatory documents at a single location, also illustrates Fujian's great efforts in promoting digitalization.

Wu Nanxiang, head of the Fujian provincial department of commerce, said the system, which has been promoted nationwide, has greatly boosted trade facilitation, relieved businesses of onerous paperwork and slashed costs incurred in customs clearance.

In 2018, Fujian placed sixth in terms of comprehensive informatization levels in China while its internet penetration ranked fourth nationwide.

Further growth of the digital economy in the province is foreseeable as the ongoing second Digital China Summit has spawned a raft of opportunities. Around 40 digital economy projects were reached on the sidelines of the summit, with a total investment of 58.7 billion yuan ($8.76 billion). They include a Baidu AI project in Fuzhou and a JD.com digital economy industrial park in Putian.

Brief Introduction To Xiamen Industry,Incorporate Business,Register Company In Xiamen

Xiamen, as an important economic city Fujian Province, locates in the eastern coastal region of China. It enjoys natural advantages in developing its economy. It on the west coast of the Taiwan Straits, and is separated from Quemoy island only by a narrow stripe of water. Xiamen is a traditional trading port in southeast China and a famous tourist coastal city as well. Xiamen has a diverse and well-developed economy. Primary economic activities include fishing, shipbuilding, food processing, tanning, textiles, machine tool manufacturing, chemical industries, telecommunications and financial services. The city has economic and trade relations with 162 countries and regions worldwide, and benefits from foreign investment, particularly capital from Hong Kong, Macau and Taiwan.

The value added by the industrial enterprises above designated size was up by 8.1 percent, reaching 143.716 billion yuan and covering 33.0% of the whole city’s GDP.

By the end of 2017, Xiamen had 1,726 industrial enterprises above designated size, achieving a total industrial output of 591.497 billion yuan. The total output value from 678 enterprises with industrial output exceeding 100 million yuan each was 543.225 billion yuan, dominating 91.8% of the whole city’s above-scale industrial output.

In terms of the industrial enterprises above designated size, the heavy industry achieved added value of 94.713 billion yuan, an increase of 9.7% over the year 2016, while the light industry achieved 49.003 billion yuan with an increase of 5.2%. The ratio of added value between heavy industry and light industry was 1.93︰1.

Among the city’s industrial enterprises above designated size, 846 enterprises were from the pillar sectors of electronics and mechanics and accounts for 49.0% of the total. Their industrial output had taken up 68.2% of the total, reaching 403.127 billion yuan in 2017. Specifically, the industry output in electronics industry was 223.238 billion yuan, up by 12.8% and that in mechanics was 179.889 billion yuan, up 10.5%.

The city’s industrial enterprises above designated size accomplished 559.861 billion yuan of sales value and the sales-output ratio was 94.65%. The shipment value of exports was 212.517 billion yuan, increasing 6.2% from the previous year and the ratio was 38.0%. 229 companies had their respective exports shipment value exceed 100 million yuan, bringing in 190.206 billion yuan of the exports value in total, accounting for 89.5% of all the value made by the city’s large-scale industries enterprises. 56 enterprises had completed their respective increment more than 100 million yuan in terms of exports shipment value, with total increment of 25.623 billion yuan. Among these, the exports shipment value of 6 companies increased more than 1 billion yuan.

The industry above the designated size enjoyed a good composite economic index of 245.91, 15.98 points higher than last year. Of this, the contribution rate of the total assets was 10.17%, an increase of 0.45 percentage point year-on-year; the capital preservation and appreciation ratio was 110.58%, up by 4.61 percentage points; the debt to asset ratio was 51.10%, up by 0.91 percentage points; the turnover rate of circulating assets was 1.73 times, 0.09 times faster than last year; the profit margin of cost and expense was 6.56%, up 0.28 percentage points; the overall labor productivity was 240.1 thousands yuan per person, a net per capita increase of 20.6 thousand; and the accomplished profit was 34.013 billion yuan, 20.4% higher than last year.

The main industrial products made by the industrial enterprises above designated size  were as follows: the volume of LCD screen was 134.42 million pieces , up by 6.1%;  the integrated circuit was 183.28 million pieces, up by 47.5% over last year; the color TV was 6.99 million sets, down by 2.7% and the LCD modules was 10.42 million sets, down by 10.8% (see table 2).

Table 2  Production of Major Industrial Products in 2017
Items	Unit	Year 2017	Annual growth (%)
LCD screen	10 thousand pieces	13442	6.1
Integrated circuit	10 thousand pieces	18328	47.5
Cover tyre	10 thousand pieces	1957	10.4
Color TV set	10 thousand sets	699	-2.7
LCD module	10 thousand sets	1042	-10.8
Microelectronic computer	10 thousand sets	762	4.6
Cellular	10 thousand sets	326	47.8
Printed circuit board	10 thousand㎡	367	-0.2
Laptop computer	10 thousand sets	315	-5.2
Digital camera	10 thousand sets	154	24.0
Civil steel ship	10 thousand complex tons	21.07	232.3
Router	10 thousand sets	19.77	64.4
Motorcycles	10 thousand units	12.69	15.9
Bus	10 thousand units	4.84	-10.5

Xiamen Business Formation also can be understood as: Xiamen company setup, Xiamen corporate formation, Xiamen business setup, Xiamen company registration, Xiamen business establishment and Xiamen business registration.

To facilitate people who want to invest and set up business in Xiamen, here is an introduction of Types of business presence in China: 

Before starting up a business in China, you have to know what are the options. Foreign Investors generally establish a business presence in China in one of five modes: Wholly Foreign Owned Enterprise (WFOE); Representative Office; Foreign Invested Partnership Enterprises (FIPE); Joint Venture and Hong Kong Holding Company.

Wholly Foreign Owned Enterprise (WFOE)is a Limited liability company wholly owned by the foreign investor. WFOE requires no registered capital and it's liability of equity , can generate income, pay tax in China and it's profit could be repatriate back to investor's home country. Any enterprise in China which is 100 percent owned by a foreign company or companies can be called as WFOE.

Representative Office (RO) is a LiaisonOffice of it's parent company. It requires no registered capital. It's activities would be: product or service promotion, market research of it's parent company's business, Quality Control liaison office etc in China. RO generally is prohibited to generate any revenue nor generating contracts with local businesses in China.

Joint Venture (JV) is a Limitedliability company formed between Chinese investor and Foreign investor. The parties agree to create a entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. JV usually been used by foreign investor to engage the so called restricted in areas such like: Education, Mining, Hospital etc.

Since March 1, 2010: Measures ofEstablishment of Foreign Invested Partnership Enterprises (FIPE) in China istaking effect. The regulation, which take effect since March 1, 2010, are known as the Administrative Measures for the Establishment of Partnership Enterprise in China by Foreign Enterprises or Individuals. There's no required minimum registered capital for a Foreign Invested Partnership Enterprise (FIPE) in Shanghai, Beijing, Shenzhen, Hangzhou and rest cities of China

Hong Kong Company usually been used as aSpecial Purpose vehicle (SPV) to invest Mainland China. Hong Kong is one of the quickest locations to Incorporate a business. Although a HK company is not a legal entity in Mainland China (Mainland China and Hong Kong, See Wiki 1 country, 2 systems), lots foreign investors, especially investors from Europe and North America still chose to setting up a Hong Kong company as SPV to invest China.

After China's entry to WTO, most industries in China welcome foreign investment, WFOE setting up in China becomes the first option of foreign investment's entity structures instead of Rep. Office setting up in China At the mean time, for tax purpose, effective licensing system etc more and more investors use Hong Kong as the holding company to invest China mainland, using this offshore company to hold their operations in China.

Business set-up in China is a big project by itself, which requires financial and time commitments, business management knowledge and China expertise. Identifying a competent agent to manage the complex process will be a cost and time effective way to avoid potential pitfalls

Since 2006, TCBC has been focusing on consulting services for our clients to invest in Xiamen China. We are specialized in establishment of wholly foreign owned enterprises (WFOEs), setting up of offshore companies, trading services, tax minimization, Assist in obtaining government approvals and certificates for running business,negotiate and draft various legal documents provide legal advice, negotiate government officer for Landacquisition. Advising on formation of WOFE and business structures, managing and controlling WOFE in Xiamen China, drafting privacy policies and structuring commercial transactions

TCBC will manage all aspects of incorporation to get you a business license in Xiamen China. We offer a range of company formation services including helping you to set up:

-Wholly Foreign Owned Enterprises (WFOE)

-Representative Offices

-Joint Ventures (Equity/Co-operative)

-Foreign Invested Partnership Enterprises (FIPE)

-HongKong Holding Company.

Contact Tom Lee for business setup consulting in Xiamen now.