Xiamen GDP sees 8 percent increase from Jan to April

The gross domestic product (GDP) of Xiamen grew by 8.1 percent to 136.7 billion yuan ($21.46 billion) in the first four months of this year, ranking third among cities in Fujian province.

Data from the Xiamen Staticstics Bureau shows that the tertiary industry contributed 56 percent to the coastal city's GDP growth during the same period, 11.69 percent higher than the secondary industry.

The profit-seeking service sector takes the lion's share of GDP growth for the tertiary industry, generating added value of 16.23 billion yuan, up 14.6 percent year-on-year.

The added value of the finance and insurance sectors, wholesale and retail sector, and logistics sector exceeds 10 billion yuan, that is, 15 billion yuan, 14.38 billion yuan and 11 billion yuan respectively.

The industries above a designated scale also saw a rapid growth from January to April. Some 198.5 billion yuan has been generated by the industries above a designated scale, an increase of 8.4 percent compared to the same period last year.