As supply-side structural reform continues to advance, new industries, formats and business models is growing steadily and technological innovation is remaining active, Beijing's economic vitality and development quality were both enhanced in 2018.

According to the data released by the Beijing Municipal Bureau of Statistics, last year, Beijing’s new economy achieved an added value of 1,005.74 billion yuan, an increase of 9.3 percent over the previous year. The added value accounts for 33.2 percent of Beijing’s GDP, 0.4 percentage points higher than the previous year.

High-tech manufacturing shows double-digit growth

On the production line, industrial robots are arranged in order to replace a large number of operators. Welding, installation and transfer are all completed by mechanical arms. Such modes of production have appeared in many industrial manufacturers. The traditional enterprises have been transformed and upgraded, which has helped accelerate the development of the city's high-tech industries.

The data shows that in 2018, the high-tech manufacturing industry maintained a double-digit growth. The value-added output of high-tech manufacturing enterprises above designated size, if calculated at comparable prices, increased by 13.9 percent over the previous year, and its growth rate is 9.3 percentage points faster than that of industrial enterprises above designated size.

Among them, electronics and communication equipment manufacturing, aviation and spacecraft manufacturing and pharmaceutical manufacturing increased by 19.6 percent, 18.7 percent and 16.2 percent respectively. With digital and intelligent lifestyles being adopted by more and more families, the production of related products has also increased sharply. The output of smart TVs and phones increased by 1.8 times and 20.9 percent.

Recently, the Municipal Economic and Information Bureau announced the "List of 2018 Beijing Benchmarking Corporations in Intelligent Manufacturing", twelve companies including Beijing ABB Low Voltage Electric Appliance Co, Beijing Shougang Cold-Rolled Sheet Steel Co and Beijing Foton Daimler Automobile Co won the title of “Benchmarking Corporation in Intelligent Manufacturing”.

Receipts of internet service industry increased by 7 percent

"New technologies and new models" brings new vitality to service industries.

According to the Beijing Municipal Bureau of Statistics, last year, the city's information and technology industry remained active in entrepreneurship and investment. According to statistics, in 2018, among the newly established enterprises in Beijing, the proportion of enterprises in information service industry and technology service industry is 38.5 percent, up 0.4 percentage points year-on-year; the registered capital of these industries reached 731.14 billion yuan, a year-on-year increase of 13.5 percent.

The investment in high-tech industries is also increasing. In 2018, the city's high-tech service industry completed an investment of 50.78 billion yuan, a year-on-year increase of 18.9 percent; of which, the investments of information service industry and technology service industry increased by 31.2 percent and 7.7 percent respectively, and the revenue of internet service industry also grew at rapid pace.

From Jan to Nov 2018, service enterprises above designated size related to internet economy realized a total operating income of 1.4 trillion yuan, a year-on-year increase of 7 percent, which is 0.8 percentage points higher than the growth rate of service industry enterprises.

The new model promotes business transformation and upgrading. In 2018, the online retail sales of wholesale and retail enterprises above designated size reached 263.29 billion yuan, an increase of 10.3 percent over the previous year, contributing 80.6 percent to the growth of retail sales. The revenues of restaurants and catering enterprises above designated size earning through the public network was 12.47 billion yuan, an increase of 39.3 percent over the previous year.

Technology receipts in Zhongguancun increase by nearly 30 percent

From "Electronic street" to the national independent innovation demonstration zone, a set of changes in Zhongguancun made it the leader of Beijing's scientific and technological innovation and development.

Technological innovations can accumulate new driving forces of economic development, and Zhongguancun plays a leading role in innovation.

According to statistics, from Jan to Nov 2018, the technology receipts of high-tech enterprises above designated size in Zhongguancun Demonstration Zone reached 823.8 billion yuan, a year-on-year increase of 29.6 percent. The growth rate is 9.2 percentage points higher than that of the same period of the previous year. Among them, the proportion of technology receipts was 17.2 percent, an increase of 2.2 percentage points over last year.

The information service and technology service industries played a significant role in fostering innovation, and the R&D investment in such industries grew at a rapid pace.

From Jan to Nov 2018, among the large and medium-sized enterprises above designated scale, the R&D expenditures of information transmission, software and information technology services increased by 16 percent; R&D expenditures in scientific researches and technical services increased by 31.4 percent, with a growth rate of 30.7 percentage points higher over the same period of the previous year.

Officials in the Municipal Bureau of Statistics remarked that, new industries, new business models and technological innovations have added a new vitality to Beijing’s economy, playing a positive role in the smooth running and steady growth of the economy.