Industrial output value of foreign-funded enterprises accounts nearly 70 percent in Beijing E-Town
According to the data released on Sept 19, the total industrial output value contributed by foreign-funded enterprises in Beijing Economic-Technological Development Area (Beijing E-Town) has reached 69 percent.
In the 30 years since Beijing E-Town was approved as a national-level economic development area, foreign-funded enterprises have consistently been important contributors and witnesses to innovative and open development.
Beijing E-Town has by now gathered over 1,300 foreign-funded enterprises from more than 62 countries and regions, with 103 Fortune Global 500 companies investing in 158 projects. A quarter of the Fortune Global 500 companies from Germany and the UK have chosen to settle in E-Town. There are 108 foreign-funded enterprises’ headquarters, 64 foreign-funded enterprises specializing in key technologies and emerging industries and 148 foreign-funded high-tech enterprises in the region.
As the only national-level economic development zone in the capital, Beijing's E-Town has in recent years seen a more prominent presence of high-end industries, with policy dividends becoming more evident. Diverse industrial clusters and an internationalized business environment have become a key factor for increased foreign investment in the region.