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The area's electronics and communications industry grew rapidly last year, with industrial output up 23 percent in value termsyear-on-yearto 185 billion yuan (23 billion U.S. dollars), or 36 percent of the total for the area, said Pi Qiansheng, director of the Administrative Committee of the Binhai New Area.
China has listed the Binhai New Area in its development plan for the 2006-2010 period, aiming to make it the country's third economic engine, along with southern Shenzhen andShanghai's Pudong area on the east coast. On completion, it will cover 2,270 square kilometers.
The area generated 196.05 billion yuan (24.5 billion U.S. dollars) ofgross domestic product(GDP) last year, up 20 percent year-on-year, Pi said.
All major economic indices -- GDP, industrial output value, fiscal revenue, foreign trade andfixed assetinvestment -- jumped more than 20 percent last year, but local people expect more, Pi said.
This year, the local government will boost the area's development "more quickly and soundly," he said.
The government will speed up construction of eight functional zones in the area, including a hi-tech zone, a port logistics zone, an airport logistics zone, a central business district and a resort area, he said.
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