Zone to continue to stimulate growth

Beijing's national-level Yizhuang Economic and Technological Development Zone has vowed to further boost its economic growth and attract investment in the coming year.

The capital's southern suburb of Yizhuang has pledged a gross regional product increase of more than 15 percent in 2013, a gross industrial output value rise of 20 percent and gross investment increase of more than 20 percent this year.

Development zone authorities said the suburb will further improve its business environment, including the infrastructure, services and management system, adding that it has also become in recent years a choice location for many leading global pharmaceutical and medical equipment companies that want to tap into the Chinese market.

The municipal government said more policy support will be provided to promising enterprises in the coming three years.

The gross regional product of the development zone in 2012 reached 82 billion yuan ($13.19 billion), a year-on-year increase of 5 percent. The tax revenue has reached 27.7 billion yuan, a year-on-year increase of 13 percent.

The total investment in the zone in 2012 was $6 billion, the zone authority said.

zhengxin@chinadaily.com.cn

A worker oversees the manufacturing process of sophisticated LCD displays at the BOE Technology Group in the Yizhuang Economic and Technological Development Zone. PROVIDED TO CHINA DAILY