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High-end industries area of Beijing FTZ unveiled to help improve Beijing's pooling of global innovation resources

September 29, 2020


Abstract : The high-end industries area of China (Beijing) Pilot Free Trade Zone (Beijing FTZ) was unveiled in Beijing on Monday.

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BEIJING, Sept. 29 (Xinhua) -- The high-end industries area of China (Beijing) Pilot Free Trade Zone (Beijing FTZ) was unveiled in Beijing on Monday.

The high-end industries area covers a total land of 39.49 square kilometers, including 10.36 square kilometers of industrial space adjacent to Beijing Daxing International Airport and 27.83 square kilometers of land in Beijing Economic-Technological Development Area.

Based on the geographical and industrial advantages of Beijing Daxing International Airport and Beijing Economic-Technological Development Area, the high-end industries area will focus on fattening up such industries as business services, international finance, cultural and creative sectors, biotechnology and health.

Beijing will strive to build the high-end industries area into a hub for boosting conversion of sci-tech achievements and gathering strategic emerging industries and international high-end functional organizations, so as to improve the city's capability of pooling and integrating global innovation resources.  

Nearly 40 projects with a total investment of over 160 billion yuan will settle in the high-end industries area, involving the four critical industries of next generation information technology, new energy vehicles, biotochnology and health, robotics and intelligent manufacturing, according to data from the unveiling ceremony of the high-end industries area.

China's State Council, the country's cabinet, issued a master plan for the new pilot free trade zone in Beijing on September 21.

According to the master plan, the Beijing FTZ will focus on supporting the construction of an innovation center with global influence and accelerate the construction of a leading area for the expansion of trade in services and a pilot area for the digital economy.

The Beijing FTZ will also strive to build a high-level opening-up platform for the coordinated development of the Beijing-Tianjin-Hebei region. (Edited by Su Dan with Xinhua Silk Road, sudan@xinhua.org)

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Keyword: Beijing pilot FTZ

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