Beijing E-Town registered robust economic growth in the first half of 2024.

Industrial output value hits nearly 300 billion yuan ($41.36 billion)

The launching ceremony of a battery base project is held at Beijing E-Town.

In the first half of 2024, Beijing Economic-Technological Development Area (Beijing E-Town) registered an industrial output value of 295.1 billion yuan, representing a year-on-year (Y-o-Y) increase of 6.7 percent and making it a GDP growth leader in the entire district.

Notably, the output value of the electronic information industry and the integrated circuit industry reported astonishing increases of 20.6 percent and 47.2 percent respectively.

Fixed asset investment increases by 15.1percent Y-o-Y

Fixed asset investment is an important engine for regional economic growth. From January to June, fixed asset investment in Beijing E-Town increased by 15.1percent Y-o-Y, with both the total amount and growth rate of its industrial investment ranking first in Beijing.

R&D investment ranks second in Beijing

Healinno Tech receives Global Medical Technology Innovation Award 2024.

Over the past six months, Beijing E-Town has seen robust activities in R&D innovation, achieving a 9 percent Y-o-Y growth in investment.

In the field of biotechnology and the health industry, Beijing E-Town has 106 first-class new drugs in clinical trials, accounting for 57 percent of the city's total. Meanwhile, it has been promoting the construction of an area with ubiquitous artificial intelligence, driving the transformation of Beijing's first large-scale storage data center into a computing power center, with a number of core component projects having been settled down in Beijing E-Town.

Market consumption continues to bounce back

In the first half of the year, the consumer market in Beijing E-Town has been steadily recovering. The sales revenue of wholesale and retail businesses increased by 4.1 percent, contributing 0.65 percentage points to its GDP growth.