BDA maps out development goals for 2009

Mar. 25, 2009 (China Knowledge) - The Administration Commission of the Beijing Economic-Technological Development Area (BDA) established its 2009 development goals with respect to the number and industrial focus of its tenants, land and infrastructure, and economic performance, at a recent meeting.

In 2009, BDA hopes to attract four or more Fortune 500 companies. Last year, BDA attracted 15 enterprises whose investment was more than US$10 million, five of which were Fortune 500 companies. The total investment poured in BDA by the enterprises was US$2.21 billion for the whole year.

BDA will encourage the formation of industrial clusters in the fields of digital display, green energy, new materials and innovative design. It will also promote productive high value-added industries such as R&D, modern logistics, finance, industrial design and embedded software. Meanwhile, BDA will continue to support its four pillar industries, information and communication technology, automobiles, bio-pharmaceuticals and equipment manufacturing.
 
In terms of physical development, in 2009 BDA plans to spend RMB 4.5 billion on new infrastructure and public service facilities. Funds will be spent purchasing and preparing 40 sq km of new land for industrial investment as well as on the construction of roads, bridges, light railways, energy and urban environment. A number of new apartment buildings are planned as well.

BDA expects that combined investments in fixed assets will again increase, reaching RMB 12.9 billion by the end of 2009. In 2008, investment in fixed assets was RMB 11.019 billion, up 12.23% from the previous year.

This year, BDA hopes to achieve 10% growth in GDP, sales income and investment value. Sales income and industrial output of BDA in 2008 amounted to RMB 292.214 billion and RMB 201.96 billion respectively.

New measures designed to improve business confidence and to lift the burden of the economic crisis from individual enterprises have been recently introduced, and may aid BDA in the coming year as it strives to meet its goals.