Beijing has set an ambitious annual GDP growth target of 4.5% to 5% during the 15th Five Year Plan period (2026-30), with aspirations for even better outcomes, Beijing Mayor Yin Yong said. To achieve this goal, the capital will continue to accelerate the development of its competitive modern industrial clusters, leveraging its technological strength and significant industrial scale advantages, he noted. The city’s initiatives include the upgrading of key industries and quality enhancement in integrated circuits, robotics and intelligent manufacturing, internet-connected vehicles, and space technology, he specified. Beijing is also anticipating breakthroughs in core technologies of future industries, and scaling their applications in quantum technology, superconductivity, brain-machine interfaces (BMI), and bio-manufacturing, Yin said. The city will beef up its efforts to promote the coordinated development of innovation and industrial and supply chains in the Beijing-Tianjin-Hebei region and enhance its role as China’s technological and science hub, he added.
The city is focusing on high-level development of its municipal administrative center in Tongzhou district, eastern Beijing, which began construction 10 years ago. Li Xiaojiang, an expert from the Beijing-Tianjin-Hebei Coordinated Development Expert Advisory Committee, suggested that in the next five to 10 years, the center should offer a more cost-effective living environment compared to Beijing’s central urban area. Xia Linmao, Executive Vice Mayor of Beijing, emphasized significant potential and ample space for private capital to join the building of the city, the China Daily reports.
