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Home / Biz updates

Zhongguancun economy maintains rapid growth

Updated: 2014-12-02 /By Xu Lili (chinadaily.com.cn)
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During the first ten months of this year, industrial enterprises above a designated size in Zhongguancun Science Park brought in 2.57 trillion yuan ($418 billion) of revenue, a year-on-year increase of 19 percent, according to the latest economic data released by Zhongguancun.

The total industrial output value of firms in the park reached 690.8 billion yuan, accounting for over 40 percent of Beijing's overall figure. The current employed population reached 1.72 million with a year-on-year growth of 4.2 percent; the actual paid-in taxes reached 146.81 billion yuan with a year-on-year growth of 29.2 percent; gross profit was 193.16 billion yuan with a year-on-year growth of 36.9 percent.

With a number of innovative enterprises such as Lenovo and Xiaomi accelerating their expansion of overseas markets, exports of innovative products also achieved rapid growth. The total export volume was $25.58 billion with a year-on-year growth of 13.0 percent, occupying nearly half of the city's total.

From January to October 2014, the enterprises in Zhongguancun applied for 32,514 patents in total, seeing a year-on-year growth of 14.9 percent. Nearly 60 percent of them are patents of invention, bringing the total number to 19,293 with a year-on-year growth of 17.7 percent.

The enterprises in Zhongguancun have obtained 18,659 patents with a year-on-year growth of 5.2 percent.

Among these, 6,300 are patents of invention with a year-on-year growth of 11.2 percent.

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