Source: People’s Republic of China – State Council News
In the first quarter this year, Tongzhou district, where Beijing’s sub-center is located, recorded a year-on-year GDP growth rate of 14.5%, 9 percentage points higher than the city’s average, ranking first among Beijing’s 16 districts.
During this period, Tongzhou district’s industrial output doubled, with the total output value of large-scale industries reaching 37.36 billion yuan ($5.23 billion), up 107.3% year-on-year. Its share of the city’s total rose from 2.7% a year ago to 5.3%, with its ranking in the city rising from 9th to 6th place. The district also recorded the highest growth rate among all the districts of the capital.
Meanwhile, fixed asset investment in Tongzhou district excluding rural households, rose by 13.5% year-on-year, showing momentum on a high statistical base.
At the beginning of the year, Tongzhou district launched a science and technology innovation resources multiplication initiative, approving and supporting 20 research projects across six key fields, including next-generation information technology, bioengineering, and new pharmaceuticals. Over the past five months of its implementation, the initiative has attracted a growing concentration of innovation resources to Beijing’s sub-center.
In the first quarter, 222 new key projects went under negotiation and 113 key enterprises established operations in the sub-center. Additionally, 6,402 new business entities were registered here – the fourth highest number among all districts in the city.