ABOUT THE YIZHUANG AREA

China Daily (Hong Kong) - - BUSINESS -

The Bei­jing Eco­nomicTech­no­log­i­cal Devel­op­ment Area in Yizhuang is also called the Yizhuang Devel­op­ment Area. It was built along the Bei­jingShang­hai ex­press­way on the south­east­ern out­skirts of the Chi­nese cap­i­tal city. It is just about 20 km from the city’s cen­tral busi­ness district.

Cov­er­ing 46 sq km, it is one of Bei­jing’s im­por­tant pro­duc­tion and ser­vice bases for large in­ter­na­tional and do­mes­tic cor­po­ra­tions.

Among the multi­na­tion­als are Daimler-Benz AG, DHL Ex­press, Nokia Corp, The Coca-Cola Co, Bayer AG and Corn­ing Inc.

Work­ing along­side

Pre­vi­ously, China placed a 3 per­cent tax on im­ported LCD pan­els of 32 inches or big­ger (ex­clud­ing back­lit mod­ules) in size, in or­der to spur devel­op­ment big-name com­pa­nies are many emerg­ing tech­nol­ogy com­pa­nies, like those par­tic­i­pat­ing in the Cloud Val­ley project.

The area is among the three key ar­eas that are get­ting pri­or­ity in devel­op­ment in the crowded cap­i­tal. It will ac­com­mo­date about 700,000 res­i­dents by 2020, with an an­nual in­crease of 12 per­cent.

Yizhuang has distin­guished it­self from other ar­eas in the city as the base of high-tech com­pa­nies and the ad­vanced manufacturing in­dus­try.

One ex­am­ple of the area’s ca­pa­bil­ity to nur­ture emerg­ing com­pa­nies is the Cloud Val­ley.

Ac­cord­ing to the Bei­jing of the coun­try’s boom­ing tele­vi­sion manufacturing sec­tor, which is heav­ily re­liant on LCD panel im­ports.

Dong said the tar­iff will mu­nic­i­pal govern­ment, the city is de­vel­op­ing two cloud in­dus­try bases. One is the Zhong­guan­cun area in the city’s north­west, where many of the na­tion’s top re­search bod­ies and best univer­si­ties are based. It is more fo­cused on gen­er­at­ing and in­cu­bat­ing cloud tech­nol­ogy-based new com­pa­nies.

The other is in the south­east, the Cloud Val­ley in Yizhuang, spe­cial­iz­ing in in­dus­try-level ap­pli­ca­tions.

In­dus­trial out­put in the area reached 227.3 bil­lion yuan ($37.4 bil­lion) in 2012, or 16 per­cent of the to­tal in­dus­trial out­put in Bei­jing that year. have a pos­i­tive ef­fect on Chi­nese LCD panel and tele­vi­sion man­u­fac­tur­ers, be­cause it will in­crease their com­pet­i­tive edge.

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