Economic profile of Daxing

In 2018, the total production value of Daxing district reached 62.7 billion yuan ($9.15 billion), an increase of about 7 percent year-on-year. The total output value of industrial enterprises above designated size reached 75.3 billion yuan, basically the same as last year. Daxing completed a total investment of 98 billion yuan in fixed assets. In 2018, the retail sales of consumer goods in Daxing reached 43.8 billion yuan, an increase of about 6 percent year-on-year. The per capita disposable income of urban and rural residents was 51,663 yuan, an increase of about 8.9 percent year-on-year.

A total of 28 industries are involved in the above-scale industries in Daxing. From January to October 2018, 336 industrial enterprises above designated size achieved an output value of 59.98 billion yuan, a year-on-year increase of 2.8 percent.

The industrial output of enterprises above designated size achieved a sales value of 58.65 billion yuan, a year-on-year increase of 2.5 percent. The total export value reached 1.59 billion yuan, a year-on-year increase of 26.8 percent.

24 enterprises above designated size in the automobile and transportation equipment industry achieved an output value of 21 billion yuan, a year-on-year increase of 3.1 percent, accounting for 35 percent of the total industrial output value above designated size.

102 industrial enterprises above designated size in the equipment manufacturing industry achieved an output value of 9.78 billion yuan, a decrease of 1.5 percent year-on-year, accounting for 16.3 percent of the total industrial output value above designated size.

27 enterprises above designated size in the bioengineering and pharmaceutical industry achieved an output value of 8.09 billion yuan, a year-on-year increase of 32.1 percent, accounting for 13.5 percent of the total industrial output value above designated size.

Two enterprises above designated size in the electronic information industry achieved an output value of 240 million yuan, a year-on-year increase of 0.3 percent, accounting for 0.4 percent of the total industrial output value above designated size.

120 enterprises above designated size in the urban industry achieved an output value of 15.13 billion yuan, a decrease of 4.9 percent year-on-year, accounting for 25.2 percent of the total industrial output value above designated size.

61 enterprises above designated size in the basic and new materials industry achieved an output value of 5.74 billion yuan, a decrease of 1.0 percent year-on-year, accounting for 9.6 percent of the total industrial output value above designated size.

The four leading industries completed industrial output value of 44.37 billion yuan, an increase of 4.4 percent year-on-year, 3 percent higher than the growth rate of industrial output above designated size. The bioengineering, pharmaceutical, automobile and transportation equipment industry achieved a total output value of 32.91 billion yuan, a year-on-year increase of 7.6 percent. The equipment manufacturing and electronic information industry achieed an output value of 11.46 billion yuan, a year-on-year decrease of 4 percent. The bio-pharmaceutical industry has become the main driving force for growth, achieving an output value of 8.93 billion yuan, a year-on-year increase of 25.2 percent.

In 2018, 32 new foreign-funded enterprises were established in Daxing district, a year-on-year increase of 45.5 percent. Among them, there were 16 joint ventures and 16 wholly-owned enterprises. The contractual foreign investment reached $19.69 million, an increase of 13.9 percent year-on-year. The actual use of foreign capital accounted for $82.59 million, an increase of 33.8 percent year-on-year. They hold the following features:

First, foreign direct investment has dominated the tertiary industry. Among them, 32 new foreign-funded enterprises have all invested in the tertiary industry. $36.89 million of foreign capital were invested in the tertiary industry, accounting for 83.4 percent of all actual utilized foreign capital.

Second, the use of foreign capital in the environmental protection industry accounted for a relatively large amount. Beijing Enterprises Group Xingfeng Water Environmental Treatment Co, Ltd has $34.15 million, Beijing Enterprises Group Seawater Environmental Treatment Co, Ltd has $2.26 million and Beijing Enterprises Group Xingbei Water Environment Management Co, Ltd has $760,000. The total amount reached $37.17 million, accounting for 45 percent.

Daxing district has continued to optimize the business environment, with the goal of convenient, efficient and smooth process of industrial and commercial registration. Daxing district implemented the full electronic service for enterprise registration, acceptance, approval, licensing, publicity and other links in 2017. The full online application, acceptance, review, licensing of medium-free electronic business license, promoting the recognition of electronic business licenses in the whole society and improve the efficiency of administrative licensing were achieved through the “Internet + government service.” A series of specific measures were introduced to Daxing bringing about a policy highland and an investment land, and creating a sound development environment for innovation and development.

Daxing has purchased third-party services to provide technical support to the approval department and to assist scientific decision-making. The quality and efficiency of approval has increased by 60 percent.

Daxing has established a seven-step work method to carry out training. The district has actively served 438 enterprises, answered more than 1,000 consultations, and closed 34 illegal enterprises according to law, and investigated 350 illegal enterprises.

Daxing insists on high-end leadership and innovation. In 2018, Daxing signed agreements with 26 projects and the construction of 17 projects including the Gene Technology Industrial Park started. The leading industries such as the biomedicine industry are developing rapidly. A group of cultural creative enterprises such as Titanium Media and 25 Internet companies such as the Benlai have settled in Daxing. The blockchain R&D laboratory was established. There are 720 high-tech enterprises in Daxing and the number of regional patent applications exceeded 10,000 for the first time. The 2018T-EDGE Global Innovation Conference was also successfully held in Daxing.