"Beijing's cutting-edge industries are growing at a high rate and is sustaining a sound growth momentum," said Jiang Guangzhi, deputy director of the Beijing Municipal Bureau of Economy and Information Technology on July 26.

Jiang introduced how, in the first half of the year, the city's industrial and software and information technology services achieved a total added value of 612.76 billion yuan, accounting for 31.9% of the city's total regional production. The added value of industrial enterprises above designated size increased by 41.4% year on year, and the growth rate ranked first in the country.

In order to provide effective solutions to difficulties met by enterprises, the Beijing Municipal Bureau of Economy and Information Technology carried out customized services targeting different businesses. For example, it dispatched a team to Sinovac Biotech Ltd. to ensure a strong boost to the production of the new vaccine. Such precision services not only contributed to the "Beijing Power" in fighting the epidemic, but also stimulated the capital's economic growth.

Meanwhile, according to second-quarter rankings in the mobile phone market from Canalys, a leading global market research firm, Xiaomi took second place with a 17% share and 83% year-on-year growth, surpassing Apple. This is the epitome of the rapid development of Beijing's industrial and software and information technology services. Data shows that in the first half of the year, the city's industrial growth rate was 25.5 percentage points higher than the national level. Such growth rate is the result of the development of the two pillar industries of biomedicine and electronic information.

Jiang said that the city has promoted the smooth commencement of 21 new projects in accordance with the project investment scheduling mechanism. Among them, the second phase of Xiaomi's smart factory construction project took only 84 days from acquiring land to starting construction.

In more than two years, No. 1 Qiaoyuan Road, Mentougou has experienced fundamental changes. Jinlongquan Pump Company, which used to be one of the top 10 factories in West Beijing, has now transformed into an intelligent industrial park with comprehensive functions. "The occupancy rate has now exceeded 90%, and the output value last year reached 140 million yuan," a person in charge of the park said.

Beijing's manufacturing industry is also progressing in an orderly manner, Jiang said, adding that the city is working to improve and upgrade its manufacturing industry, with 52 tasks having already been finished.

This year, Beijing's investment budget on its cutting-edge industries has nearly doubled from last year's 35 billion yuan. The capital is working to reduce operating costs of enterprises and strengthen the companies' confidence in operations in the city.

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