Wednesday, February 23, 2022

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.

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12 industry leaders intend to settle in Binbei Super Headquarters

 In its capacity as the first super headquarters base project in Xiamen, Binbei Super Headquarters Base is proposed to be built into a green and vigorous urban space environment with high-quality development and life. The base command targets four categories of enterprises, including global 500, central enterprises, unicorns and leaders of domestic industries. It aims to attract and promote interested enterprises to set up headquarters, regional headquarters or R&D centers and investment centers in Xiamen. Currently, there are 12 industry leaders, including an Internet leader, who intend to settle in the base.

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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%).

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Tuesday, February 22, 2022

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%.

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Xiamen Free Trade Zone and four Xiamen enterprises become national models

 Recently, eight ministries including the Ministry of Commerce and the Ministry of Industry and Information Technology jointly convened experts to review demonstration cities and enterprises in supply chain innovation and application, and publicized the first batch of 10 demonstration cities and 100 demonstration enterprises. Among them, Xiamen Free Trade Zone, on behalf of Xiamen, was selected into this first batch of national demonstration cities. It is also the only pilot free trade zone in China on the list. Meanwhile, four Xiamen enterprises including C&D, Xiamen ITG, XMXYG, and Linde (China) Forklift Truck were selected as demonstration enterprises. Previously, in 2018, eight ministries including the Ministry of Commerce carried out pilot projects on supply chain innovation and application across China. Xiamen Free Trade Zone, on behalf of Xiamen, was approved as the only pilot city, and the above four enterprises were selected as pilot enterprises.

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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.

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Two parks and zones of Xiamen included in 2021 Top 100 Parks and Zones with Quality Development

 In the "2021 Top 100 Parks and Zones with Quality Development" released recently, Xiamen Torch Hi-tech Zone and Xiamen Haicang Taiwan Investment Zone ranked the 22nd and the 83th, respectively. Other than the main ranking, Xiamen Torch Hi-tech Zone was also included in the "2021 Top 20 Parks and Zones in Business Environment" and "2021 Top 20 Parks and Zones in Green and Intensive Development". Xiamen Torch Hi-tech Zone is home to more than 1,000 hi-tech enterprises, accounting for nearly 50% of the municipal total. It has established five featured industrial chains (clusters), i.e. flat-panel display, computer and communication equipment, power and electric appliance, semiconductor and IC as well as software and information service industries. As the pillars of the economic development of Haicang Taiwan Investment Zone, the three major strategic emerging industries, i.e. IC, biopharmacy and new material industries, have kept leading the way of growth.

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