Daxing invites firms to obtain high-quality growth

Beijing's Daxing district signed contracts with six cutting-edge enterprises on Feb 12, finalizing projects that will exceed 10 billion yuan ($1.52 billion) in output value.

The partners include satellite communications producer Shanghai Spacecom Satellite Technology Ltd, electrical equipment provider Sunfly Intelligent Technology Co, and China Energy Engineering Group Co, a firm that expanded its reach in hydrogen energy last year.

The other contracted companies focus on biomedicine, artificial intelligence and big data. They are expected to complement the district's industrial chain and improve its business environment.