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E-mail China.org.cn, March 12, 2024
Beijing's industrial operations in the first quarter of 2024 exhibited strong momentum and sufficient vitality, said Jiang Guangzhi, director of Beijing Municipal Bureau of Economy and Information Technology, on Monday.
The growth target of the city's annual industrial added value this year is set at about 5%, surpassing the national target for the first time in a decade. The information software industry is expected to lead all sectors in the city with a revenue growth target of 14.5%.
"Achieving these goals will undoubtedly be challenging," said Jiang, "however, the favorable conditions outweigh the unfavorable ones, and we are confident we can meet our objectives on schedule."
Nearly 40% of the city's industrial enterprises above designated size continued operations during the Spring Festival holiday. Preliminary estimates indicate that the output value of these enterprises is expected to grow by more than 6% in the first two months of this year.
Beijing continues to step up its efforts in planning key projects and is promoting the completion and operation of several major developments, including those by Li Auto and Xiaomi in the new energy vehicle sector, which are expected to contribute tens of billions of yuan in output value throughout the year.
Beijing is also focused on long-term industrial development. Jiang said that the city plans to promote the optimization and upgrading of its industrial structure and is actively building new trillion-yuan ($139 billion) industry clusters in fields such as medicine and health, intelligent connected vehicles, green energy, energy conservation, and environmental protection. Additionally, efforts are underway to cultivate four to five clusters valued at 100 billion yuan each in areas like commercial aerospace, artificial intelligence, hydrogen energy, and autonomous driving.
On a regional level, Beijing is collaborating with neighboring Tianjin and Hebei province to build a world-class advanced manufacturing cluster. Data show that in 2023, the industrial added value of the Beijing-Tianjin-Hebei region hit 2.43 trillion yuan, 1.43 times that of 2013.
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