Fujian recently announced a list of 120 key digital economy projects with total investments of 142 billion yuan and an annual planned investment of 24.3 billion yuan. The list included several Xiamen-based projects spanning multiple industries.

 

Local officials noted that Xiamen is prioritizing the development of the digital economy during its high-growth and innovation-intensive phase as part of the city's focus on digital industrialization.

 

City officials added that Xiamen's digital economy stood at 425 billion yuan in 2021, 495.9 billion yuan in 2022 and 536.1 billion yuan in 2023. Officials said that Xiamen's digital economy accounted for over 60 percent of annual GDP.

 

According to CCID Consulting annual report on China's urban digital economy, Xiamen ranked among China's top 100 digital economy cities and secured second place among cities in the digital economy incubation phase.