BEIJING, October 21, 2022 /PRNewswire/ — A report from chinadaily.com.cn
The Beijing Economic and Technological Development Zone, also known as Beijing E-Town, has stepped up efforts to foster strategically important industrial clusters that represent the latest in science and technology. The objective is to establish itself as a pole of high technology industries with international influence.
Beijing E-Town steps up efforts to become a smart city
Beijing E-Town saw its gross industrial output value reach nearly 600 billion yuan ($86 billion) in 2021, ranking first in the city.
High-tech industries, represented by next-generation information technology, high-end automobiles and smart manufacturing, contributed more than 90% of gross industrial output value.
During the opening ceremony of the beijing 2022 Winter Olympics, a 8K ultra-high-definition floor-standing display system, the largest of its kind in the world, demonstrated the capabilities of Chinese technology to viewers around the world.
“The core technologies of the world’s largest screen are in our hands,” said a representative from BOE Technology Group, China main manufacturer of liquid crystal display panels based in Beijing E-Town.
In 2021, BOE’s LCD panel shipments for five major application scenarios, namely smartphones, tablets, laptops, monitors and TVs, all ranked first in the world.
“Over the past 10 years, Beijing E-Town has been focusing on critical strategic needs, accelerating research on key technologies, and achieving major breakthroughs in cutting-edge technologies and strategically important industries,” said a Beijing E-Town official.
Beijing E-Town has been a cradle of innovative products and technologies over the past 10 years. By the end of 2021, high-tech enterprises in Beijing Electronic City supplied 96.7% of the region’s total industrial output value.
In 2021, the number of national-level “little giants” based in Beijing Electronic City ranked first among more than 200 national economic development zones in the country. To qualify as a “small giant”, a Chinese company must have recorded an average growth rate of at least 5% year-on-year in its main revenue or net profit over the past two years.
Beijing E-Town is becoming a magnet for high-end resources from around the world, with local industries moving up the global value chain.
Four new production lines of German pharmaceutical company Bayer in Beijing E-Town are under construction. Once commissioned, the fully automatic high-speed production lines, combined with fully automated logistics systems, are expected to increase production capacity by 40% and contribute to the construction of a world-class manufacturing facility.
Over the past decade, an increasing number of multinationals have chosen to locate their newest and most advanced production lines in the electronic city of Beijing. To date, Beijing E-Town was home to some 140 projects supported by more than 90 Fortune Global 500 companies.
Beijing E-Town is the first city in the city to carry out the administrative reform which involves the whole chain of administrative management from approval to supervision and execution. This decision achieved “a seal for examination and approval, and a team for enforcement” and further improved the efficiency of the administration.
SOURCE chinadaily.com.cn
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