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Xiamen's industries shine in early 2024

Continuing the stable rebound from the latter half of the previous year, Xiamen's economy has shown remarkable performance in various sectors in the first two months of the year. Industrial production has seen a notable uptick, with a 10.6% increase in the industrial output value of above-scale industries compared to the same period last year. Over 70% of industries experienced growth, with 27 out of 35 major industrial categories posting positive figures. Retail sales of consumer goods have also seen a steady rise, totaling 56.33 billion yuan in the first two months, marking a 4.2% increase year-on-year. The service sector is showing overall positive trends. During this year's Spring Festival holiday, the city saw a significant increase in tourism, with visitor numbers and tourism revenue rising by 86.5% and 130% respectively compared to the same period last year, and by 86.1% and 100% respectively when compared to the same period in 2019. The city's foreign trade remained stable with an increase in the scale of utilized foreign investment. In January and February, Xiamen reported a total import and export value of 147.068 billion yuan, with exports contributing 70.01 billion yuan, up by 3.5%.

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