Xiamen boasts a rapidly-developing export-oriented economy, with remarkable accomplishments in foreign investment attraction and utilization as well as foreign trade. By the end of 2022, Xiamen has brought in a grand total of 18,034 foreign-invested companies, with an impressive actual utilization of foreign investment amounting to US$39.71 billion, and 64 Fortune 500 companies have invested in a total of 115 foreign investment projects in Xiamen. As Xiamen's economy progresses towards high-quality development, the city's utilization of foreign capital is undergoing improvement both in structure and quality. The proportion of actual foreign capital utilized by the service industry and high-tech businesses continue to increase. As Xiamen accelerates the construction of its "4+4+6" modern industrial system, which covers 4 pillar industries, 4 strategic emerging industries and 6 future industries, ABB, Schneider Electric, Dell and other multinational companies have ramped up their development in the city. In recent years, Xiamen has intensified its efforts to attract investment, and its favorable business environment has drawn a growing number of foreign companies to develop their business in the city.
