(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
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
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.