The Beijing Economic and Technological Development Zone, one of the key economic zones in China, has seen rapid growth since its establishment, said sources from the 10th Anniversary of the Beijing Economic and Technological Development Zone on Wednesday.
"In the evaluation of the investment environment of the State economic zones, the overall economic strength index of the Beijing Economic and Technological Development Zone rose to fifth last year, up from 12th in 2000," said Li Fengling, an official of the zone.
Li, Director of the Management Committee of the Beijing Economic and Technological Development Zone, said the economic zone is an important window and indicator of the opening-up of Beijing.
Statistics show that by the end of July this year, fixed asset investment in the Beijing Economic Zone totaled two billion US dollars. The average investment of foreign-funded enterprises has reached 10.3 million US dollars, four times that of the national average.
With a total investment of four billion US dollars, 1,055 enterprises from 35 countries have entered the economic zone, including 80 world-renowned multinationals such as Nokia, Lucent Technologies, Coca-Cola and Matsushita.
Li also reported a gross domestic product (GDP) of 850 million US dollars and exports totaling 1.2 billion US dollars last year in the economic zone.
Set up in 1992, the Beijing Economic and Technological Development Zone is China's largest mobile communication industry base, Beijing's largest electronic and information industry base and also "Beijing pharmaceutical valley", sources said.
(Xinhua News Agency August 30, 2002)
