Beijing: Zhongguancun Chaoyang Park Earns 420 Billion Total Income

China Daily -- The Zhongguancun Chaoyang Park has almost reached the total 2016 income predicted for it, which is more than 420 billiion yuan ($60.5 billion), announced a park representative at the People's Political Consultative Conference of Haidian District which opened on Dec 10.

"The Chaoyang Park promoted the development of strategic emerging industries and Internet plus industries to keep a stable economic growth and has shown a strong innovative capability." said the staffer.

The top four strategic core competencies of the park lie are electronic information, new energy, advanced manufacturing and bio-pharmaceuticals. The total income of the four industries from January to October was 263.49 billion yuan, accounting for 75.5 percent of the total income of Chaoyang Park in that period.

To date, there are nearly 600 internet companies settled in the park offering it a chance to occupy the higher ends of whole industrial chains.

The park will keep focusing on new generation information technology, new energy and biological medicine and promotion of integration of the Internet and various industries.

Meanwhile, it intends to expand industrial areas and improve the regional development environment to attract more international technological enterprises and create a global research and development innovation cluster in 2017.

In the 13th Five-Year Plan period, the park plans to upgrade 30 to 40 cutting-edge industrial programs, of which electronic information, advanced manufacturing and new energy are expected to become the three pillar industries and generate 77 percent of the park's entire revenue. Financial technology, research designing and intellectual property will be developed as supporting service industries.

The staffer added that Chaoyang Park will also further develop internet plus industries to realize a 500 billion yuan total income by 2020 and build the park into an international research and innovation cluster and demonstration area to influence surrounding cities and towns in their development of high-tech industries.