The Beijing-Tianjin-Hebei region witnessed an impressive 90% growth in its gross domestic product (GDP) over the past decade, reaching 10.4 trillion yuan (about $1.46 trillion) in 2023 compared to 2013.
Beijing has been strategically transforming by moving out its non-capital functions, shutting down over 3,000 manufacturing companies, and upgrading nearly 1,000 markets and logistics centers in the last ten years. 🏭✂️
Signifying a shift towards high-quality growth, the proportion of new business entities in high-end industries such as technology, commerce, culture, and information surged to 66.1% in 2023 from 40.7% in 2013. 💡📊
Enterprises from Zhongguancun, Beijing’s national high-tech industrial development zone, have expanded significantly, setting up over 10,000 branches in Tianjin and Hebei. Additionally, Beijing-based companies made 49,000 investments in the neighboring regions, totaling 2.3 trillion yuan. 💼🌐
Infrastructure development has kept pace with economic integration, boasting over 11,000 km of railway lines and nearly 11,000 km of highways, marking increases of more than 30% and 40% respectively since 2013. 🚆🛣️
