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Boosting industrial growth
By Te Kan (China Daily)
Updated: 2008-07-29 15:15
 Green city center in Shijiazhuang. Shijiazhuang will aid the further development of industries ranging from bio-tech, chemicals, information technology, machinery manufacturing and textiles, according to recent plans from the city government. A modern industrial layout has now taken shape in the city, with pharmaceuticals, textiles, chemicals, electronics, food and construction materials its key sectors. Local firms North China Pharmaceutical Group Corp, Shijiazhuang Pharmaceutical Group and dairy producer Sanlu Group are among six based in the city on the list of the top 500 Chinese companies. The local government's moves come in response to both increasing competitiveness and the potential for greater growth. Pharmaceuticals Shijiazhuang enjoys distinct advantages in the pharmaceutical industry. The city has more than 290 medicine makers, accounting for 15 percent of the country's total, and at least 600 companies involved in medicine sales. As six Shijiazhuang-based firms rank among the most profitable Chinese medicine makers and a number of local brands are becoming household names. Chemicals Extending the industrial chain and building a recycling economy is highlighted in plans for the city's chemical sector. A model chemicals site now under construction will use an integrated energy supply system and optimize the use of petroleum, coal and chlorine alkali, which are closely related in industrial chain. The 6 sq km, 16 billion yuan site is projected to realize 4 billion yuan in revenues by the end of 2010. Science and research With a cluster of research institutes and centers of higher learning, the city has strong capability for innovation, especially in aviation and space, semiconductors, satellite communications, measurement and control technologies, and modern agriculture. Nearly 80 software firms have operations in the city, accounting for 33 percent of the provincial total. The city's electronic information sector generated 5.33 billion yuan in revenue in the first half of this year, increasing 17.6 percent year-on-year. (For more biz stories, please visit Industries)
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