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Beijing E-Town reports first quarter economic data

Updated: 2024-04-24

Recently, Beijing E-Town's 2024 first-quarter data was released, with all major indicators pointing to a generally healthy economy across various industries.


A view of Beijing E-Town [Photo/beijingetown.com.cn]

The data shows that in the first quarter, the GDP of E-Town New Area increased by 6.5 percent year-on-year, ranking among the top in Beijing.

Now, in Beijing E-Town, you can catch a ride on a self-driving vehicle as soon as you step out the door. Experience the stunning visuals of 8K ultra-high-definition large screens up close, and even enjoy pancakes made by artificial intelligence robots. Industries such as manufacturing, cultural entertainment, transportation, and construction are thriving.

Furthermore, the industrial output value in E-Town New Area reached 148.69 billion yuan ($20.52 billion) in the first quarter, an increase of 5.5 percent year-on-year. Among them, the industrial added value was 33.73 billion yuan, an increase of 6.2 percent year-on-year.

Of the total industrial output value, the four leading industries achieved a combined value of 136.95 billion yuan in the first quarter, growing by 6 percent year-on-year. 

For instance, in the new-generation information technology, the National Information Technology Application Innovation Park saw more than a 100 percent increase in newly registered enterprises in the first quarter, with the number of established enterprises exceeding 300. Beijing BOE Display Technology Co's output value grew by 9.2 percent in the first quarter.

Also, the "Sky Mirror Synthetic Biology Manufacturing Public Technology Platform" was officially put into operation recently. 

This public technology platform has fixed assets investment exceeding 50 million yuan and provides an instrument cluster and innovative technology network for synthetic biology technology, green process technology, and product development across different fields.

In addition, all 10 of Beijing's key construction projects have commenced, with a total investment of about 6.1 billion yuan, including 413.64 million yuan in fixed assets investment in the first quarter. 

The concentration of these projects' construction is driving Beijing E-Town to rank first in Beijing in total fixed assets investments.