The Xiamen Area of China (Fujian) Pilot Free Trade Zone had major success during the 2019 China International Fair for Investment and Trade, which ran on Sept 8-11 in Xiamen.

The XMFTZ signed off on 60 projects, with a total investment of nearly 20 billion yuan ($2.82 billion), local media reported.

The projects mainly involved the fields of aviation services, shipping logistics, cross-border business, culture, film and television, financial services, the digital economy and corporate headquarters.

China's e-commerce giant JD.com Inc signed an agreement to launch its business in XMFTZ.

As part of its wider strategy of developing a global logistics supply chain for foreign trade, JD.com plans to build a supply chain services platform in Xiamen, according to an official of JD.com.

Since its establishment four and a half years ago, XMFTZ has become a new engine for the development of Xiamen.

To date, XMFTZ has launched a total of 391 innovative measures. Some 43,000 enterprises with a total registered capital of 620 billion yuan have settled in the zone.