Home> Updates

Xiamen makes strides in digital economy

chinadaily.com.cn| Updated: March 26, 2021 L M S

A news conference about establishing the national (Fujian) pilot zone for innovative development of the digital economy -- held on March 23 in Fuzhou city, capital of Fujian province -- indicated that big things are expected of the initiative.

By 2022, the added value of the province's digital economy is projected to top2.6 trillion yuan ($398 billion), enjoying an average annual growth rate of more than 15 percent and accounting for more than 50 percent of GDP, according to officials at the news conference.

Xiamen city in Fujian province will speed up the construction of the BRICS Partnership on New Industrial Revolution innovation center and a national digital service export base at Xiamen Software Park, officials told the news conference.

Xiamen attaches great importance to the development of the digital economy. In 2020, the scale of the city's digital economy reached 365 billion yuan, accounting for 57 percent of its GDP.

Aiming at building a national digital economy development demonstration zone, the city will promote the coordinated development of its digital industry by strengthening pillar industries such as software and the information service industry, as well as the electronics information manufacturing industry.

It will develop characteristic industries, such as artificial intelligence and the information technology applications and innovation industry, cultivating and introducing a number of leading enterprises.

Meanwhile, the city will develop a municipal-level central system, expand various digital service applications, create a digital ecosystem and establish a digital transformation promotion center for manufacturing, services and other industries.

Last year, Xiamen Software Park became one of the national digital service export bases.

1 2 >

Why Xiamen

  • About Xiamen

    Xiamen is one of the most economically competitive cities in China and was one of the first Special Economic Zones on the Chinese mainland. As a vice-provincial city independently listed on the State development plan, it has provincial-level authority in economic administration and local legislative power. In 2010, the Xiamen SEZ was expanded to cover the entire municipality. Today, Xiamen is a modern and international port city.

Read More