Xiamen Economy

　　Xiamen Free Trade Zone was approved to set up by the State Council of the P.R.C. in October 1992 in Xiamen Special Economics Zone(Xiamen SEZ). Apart from enjoying the preferential polices of SEZ, it also uses for reference the operation of present world free trade zones . Being "Free of Licences ,Duty-Free and Bonded", it is the special economic zone in Cinese mainland enjoying the widest openness , the most flexible operation system and the most preferential investment policies.

　　After over 20 years of construction , Xiamen SEZ has become the most dynamic economic area in southeast coast of China, "the Best Habitating City" in the world and attracted over 5000 FDI projects , including 39 ones from "Fortune 500".

　　Xiamen Free Trade Zone includes 5 square kilometres , in which 1.1 has been developed for Phase I. The layout includes 7 30-50-thousand -ton container berthes with over 1400 metres of coastal line and 0.7 million square metres of interior land area .Being "Special Area within the SEZ" , based on the concept of "First To Try ,Quicker and Better ",and in accordance with the international practices, the FTZ has become the fast-developing special economic area with outstanding functions and preferential investment environment . Many famous multinational companies like Micron ,Kodak,Celestica ,Plexus,Baxglobal and New World have come and developed quickly.It has become the important economic flash point of Xiamen SEZ with port as its leading function ,characterized with bonded warehouses and modern logistics as its main body .It has become a new economic area including international trade, processing trade and entrepot trade.

　　In order to further develop its service function ,enlarge operation and satisfy more investment demands, Xiamen Free Trade Zone now begins to build the Phase ¢òand airport free trade zone .We believe in the near futhure, a big prosperous Xiamen Free Trade Zone with all air , sea and land transport facilities will warmly welcome guests from home and abroad .