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.
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Important industries in Xiamen include its six pillar industries of electronics, machinery, shipping and logistics, MICE (meetings, incentives, conventions, and exhibitions), finance and commerce, and software and information services. The city also has six emerging industries: information technology, biology and new medicines, new materials, energy conservation and environmental science, the marine high-tech industry, and the cultural and creative industry.