Beijing E-Town signs RMB 10.2 bln contracts at 2017 CHITEC
China Knowledge Online
Jun 24, 2017

Jun 23, 2017 (China Knowledge) – Beijing E-Town witness multiple signing of scientific and technological cooperation projects at the 20th China Beijing International High-tech Expo (CHITEC) held in Beijing this month. Beijing E-Town, a triple A rated industrial park, signed 4 new projects including BOE Advanced Technology Laboratory Beijing HQ and the's Global HQ phase II construction with total contract value of RMB 10.16 billion.

Beijing E-Town is creating a center of technological innovation, focusing on four pillar industries comprising electronic information, biomedical, automobile and high-end equipment as well as four emerging industry clusters comprising manufacturing services, cultural and creativity, aviation related service, energy conservation and environmental protection industry. The developments also come with several pillar industry clusters including integrated circuits, biomedical, new energy vehicles, high-end automobile, display technology, smart devices and internet. It is now cultivating enterprises with market value of over RMB 10 billion and RMB 100 billion.

The area focuses on strengthen of real economy and enhance its international competitiveness the global vision integrating international standards to build a demonstration area modeling the "Made in China 2025" blueprint. Today it is a global high-end manufacturing center as well as the national center for technological innovation.

Currently, there are over 1,000 R&D institutions in Beijing E-Town. The number of patents per 10,000 population reaches 251 and the number of invention per 10,000 engineers hit 1,248. According to statistics, in the first two months of this year, the R&D expenses of large and medium-sized enterprises in Beijing E-Town grew 9.7% YoY to RMB 660 million, while the number of validated invention patents hit 3,217 at the end of Feb, up 21.4% YoY, the sales revenue of new products jumped 44% to RMB 6.01 billion in the same period.

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