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Beijing E-Town’s foreign investments up 74% in Jan-May

Jun. 27, 2012 (China Knowledge) - Beijing E-Town, a triple-A rated industrial park, saw its foreign investment surged 74.3% from a year earlier to US$450 million in the first five month of this year, according to the latest statistics released by Beijing Development Area's statistical bureau.

From January to May this year, Beijing E-Town approved a series of projects including the LED application industrial park of Leyard Optoelectronic Co<300296>, the auto parts industrial park constructed by Beijing Benz Automotive Co Ltd and the Rui-Cloud Computing's R&D center. The total investments for the five month period reached US$2.09 billion, reflecting a year-on-year increase of over 70%.

Since established in 1992, 576 foreign-invested enterprises and 4,413 domestic enterprises had settled in the industrial park, with a total investment of US 33.17 billion.

As at the end of May this year, Beijing E-Town saw its contractual foreign investment had amounted to US$6.84 billion while the cumulative foreign direct investments hit US$5.02 billion.

Last month, Beijing E-Town inked 15 projects with a total investment of RMB 25.8 billion at the signing ceremony of China Financial Summit. Meanwhile, it also signed four service trade projects during the Beijing International Fair for Trade in Services or CIFTIS with a total contractual value of RMB 13.98 billion, China Knowledge reported earlier.

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