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Beijing's Economic Technological Development Area, or E-town, published its figures on economic development for the January - February period, on March 19, showing 45 billion yuan ($7.24billion) in output value from industrial companies, an increase of 15.5 percent year-on-year for the two-month period, indicating that the town withstood the challenge of economic changes and downward economic pressures over the past three years.
It also made headway in its economic transformation and innovation, with its equipment manufacturing realizing 6.62 billion yuan（$1.07 billion） in output value, an increase of 2.8 percent year-on-year. At the same time, automobiles and transport equipment had 14.4 billion yuan ($2.31billion) worth of output, an increase of 69.9 percent year-on-year and the bio-medicine sector maintained 14.1 percent growth and these three pillar industries pushing the town’s industrial output up 17.3 percentage points.
The Daxing district’s Party secretary, Li Changyou said that E-town needs to stabilize its growth, speed up changes through project development, and come up with more cutting-edge projects. It saw investment go up 19.1 percent during the first two months, Li added, ending last year's falling rate of growth and its new companies and capital continued to grow.
The figures indicate a good start in the town for this year and the strong possibility of reaching this year's goal as well as giving the towns confidence in its transformation process.
