Beijing's High-Tech Industrial Base Aims at Higher Goal

The Beijing Zhongguancun High-Tech Development Zone is set to acquire an income of 200 billion yuan (US$24 billion) and turn in 7.5 billion yuan (US$904 million) in tax this year, according to a working conference on the zone's development held Saturday.

A series of favorable measures, such as improving the legal environment and operational mechanism, will be taken to ensure the accomplishment of the goal, said Liu Zhihua, vice-mayor of Beijing and director of the administrative office of Zhongguancun, at the conference.

Last year, Zhongguancun reported a total income of 154.3 billion yuan (US$19 billion) and a gross industrial value of 91.54 billion yuan (US$11 billion), while paid 6.17 billion yuan (US$0.74 billion) in taxes. All the figures pointed to an increase of 40 percent from the previous year.

According to statistics, more than 2,400 new enterprises, some of them each with an investment beyond 100 million yuan (US$12 million), were established in Zhongguancun in 2000, doubling the number of 1999.

(People's Daily 01/21/2001)

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