Beijing is ready to house another 80-plus major Chinese enterprise headquarters in one of its science parks.

By May this year, the large or mid-scale enterprises, from across the country, will enter a "Headquarters Base" in the Fengtai Science Park, specially designed to house company headquarters.

With a total investment of 4.5 billion yuan (US$540 million), the headquarters base covers an area of 1.1 million square meters. The project is scheduled to complete in three or five years.

The park's annual technological and industrial trade volume in 2004 will increase to 35 billion yuan (US$4.24 billion) and tax to 1.75 billion yuan (US$212 million), compared with the ultimate goal of 40 billion yuan (US$4.8 billion) and 1.5 billion yuan (US$180 million).

 (Xinhua News Agency January 6, 2004)