Beijing proves big draw for high-end technology, manufacturing enterprises

Beijing has made significant progress in its efforts to be the center for high-end manufacturing and cutting-edge research in China, judging by the success of some leading companies in the capital city.

Commercial vehicle manufacturer Beiqi Foton Motor Co Ltd, an early entrant to the capital city, took another big step in its overseas efforts when it said it had exported 31,326 vehicles and 6,040 automobile parts during the first eight months of this year, a testimony to China's efforts to ramp up high-tech manufacturing.

By 2025, Foton plans to be a green, intelligent and high-tech global motor enterprise and the leader in China's commercial vehicle market, it said. Foton, which has 27 plants and an annual production capacity of 100,000 units per year, currently has a total production and sales volume of 8.871 million units.