US$ 4.5-billion orders signed for Beijing-Tianjin-Hebei industrial coordination

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A promotion event for Beijing-Tianjin-Hebei industrial coordination development was held in Beijing on Feb. 21, with orders worth US$4.5 billion in total signed by 30 industrial parks from Tianjin and Hebei and more than 200 enterprises from Beijing.

Beijing Software and Information Services Exchange Co., Ltd signed a contract worth US$ 290 million with Handan government to build a smart city.

Hu Caiyong, president of Beijing Software and Information Services Exchange, said that the industrial coordination is meant to develop the whole Beijing-Tianjin-Hebei region instead of moving low-end capacitie out of Beijing.

“We will bring our advanced technologies and services to the less developed region, and send talents from Beijing, Guangzhou and Shenzhen to Handan,” said by Hu.

Designed by Beijing and Handan, the smart traffic system is aimed at addressing the traffic issue in cities. If this smart city program is successful in Handan, it will be applied to Beijing.

More State-owned enterprises will join industrial coordination in the Beijing-Tianjin-Hebei region.

The China Electronics North Industry Base was built by a State-owned enterprise China Electronics System Technology Co., Ltd.

“The area was a bleak land in Handan in 2016, and it will become a new landmark in Handan in 2017,” said Liu Jie, the investment manager of China Electronics North Industry Base.

The base is focused on business of new energy, intelligent manufacturing, intelligent medical service, electronics information, energy conservation and environmental protection. The project will bring in technology enterprises from Europe to upgrade the hi-tech industry in Hebei Province.

With huge advantages in funding, technology and talent, more State-owned enterprises will leave Beijing for Tianjin and Hebei.

The coordinated development of the Beijing-Tianjin-Hebei region is not just designed to move enterprises out of Beijing, but also to create opportunities for small and medium-sized enterprises.

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