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Beijing E-Town top again on industrial output in the capital

Mar 22, 2017 (China Knowledge) - The value-added industrial output of China's capital Beijing increased 9.5% YoY in the first two months of this year, according to the Beijing Municipal Commission of Economy and Information Technology which released the figure last week.

 

Beijing's New Urban Development Districts which comprise of Daxing District, Tongzhou District, Shunyi District, Changping District, Fangshan District and Beijing E-Town contributed 51% of the city's gross industrial output in the two-month period with growth rate of 10.2% YoY, higher than the city's 8.8% growth. Among which, Beijing E-Town, a triple-A rated industrial park, leading the city with a growth of 23.3% in the reporting period.

 

The significant growth of Beijing E-Town's industrial output was boosted by its high-end manufacturing and modern manufacturing sector whose valued added output grew 19.9% and 16.5% YoY respectively.

 

More importantly, Beijing E-Town's exports rebounded from a 3-year decline with export value up 4.8% YoY to RMB 14.1 billion in the period. BOE, the most representative enterprise in Beijing E-Town's high-end manufacturing sector, recorded a 30% YoY growth in exports in the period. It has displaced the South Korea competitors for the first time to become the world's the largest LCD panel supplier by shipments with market share of 22.3%.

 

This modern and green hi-tech hub houses some of China's most innovative and high industries that include bio-medicine, manufacturing equipment, technology companies, ICT, aerospace and aviation. It has been ranked top 10 industrial parks in the country for consecutive fourteenth year by China Knowledge Consulting.






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