Beijing has rolled out more than 70 policies since 2022 to support emerging industries as part of efforts to build a modern industrial system and develop new quality productive forces.

These emerging sectors, including pharmaceuticals, health, tech services, new energy vehicles and artificial intelligence, contributed nearly 90% to the city's industrial growth in 2024.

Zhongguancun Science City, Huairou Science City, Beijing Future Science Park and the Demonstration Area for Innovation-based Industrial Clusters, known for their high level of innovation, generated 1.8 trillion yuan ($245 billion) in GDP, contributing about 40% of Beijing's total economic output while occupying less than 6% of its land area.

Zhang Yiqiu, an economist at the Beijing Municipal Commission of Development and Reform, said the value added of strategic emerging industries above designated size grew by 14.6% in 2024.

"Emerging industries have become the strongest engine for economic growth," Zhang said.

The capital's technological innovation also plays a leading role nationally. Beijing has 77 national key laboratories, which is about 28% of the country's total.

"Beijing ranks among the top three science and technology clusters worldwide, providing strong support for enhancing national strategic technological capabilities," said Xia Mingjun, deputy director of the comprehensive division at the Beijing Municipal Commission of Development and Reform.

To further support emerging industries, Beijing has established eight government investment funds, each totaling 100 million yuan. Officials also announced plans to enhance digital financing platforms for small businesses next year, including specialized loans for research and innovation.