The added value created in Beijing’s industries above designated size from January to February increased by 9.5 percent over the same period last year, mostly driven by the high-tech manufacturing and modern manufacturing industries with their added value rising by 19.9 percent and 16.5 percent respectively, surpassing the city’s average by 10.4 and 7 percentage points.
In key manufacturing sectors such as pharmacy, automobile, computer and other electronic equipment, the added value rose by 24.6 percent, 21.7 percent and 20.1 percent respectively. In non-metallic mining, rubber and plastic products sectors, the added value trimmed by 33.9 percent and 8.6 percent respectively. New energy vehicle production grew by 38.3 percent and integrated circuit production by 19.4 percent.
Industrial fixed-asset investment totaled 5.35 billion yuan, an increase of 10.9 percent year on year, of which high-tech manufacturing saw a growth of 11.5 percent.
A sound industrial layout has been taking shape. The output value created by new urban districts hit 134.02 billion yuan, a growth rate of 10.4 percent. Beijing Economic-Technological Development Area saw a growth of 23.3 percent, Changping District 18.9 percent and Daxing District 6.1 percent.
Innovation-based driving forces in Beijing have gained momentum. For instance, BOE Technology Group dominated the global market of large LCD panel shipments with market share of 22.3 percent. Xiaomi Tech has independently developed the chip S1, becoming one of the world’s four businesses able to produce both chips and mobile phones.