Beijing's Huairou district reported first half GDP growth of 7.1 percent year-on-year, highlighted by a more than 20 percent surge in the new materials sector, a 100 percent revenue jump in leasing and business services and its approval as a municipal-level future industry pilot zone.
Ma Tianbiao, director of the district's development and reform commission, said Huairou's economy experienced a strong start in the first quarter and continued to consolidate in the second.
The coordinated development of the industrial and services sectors has solidified the foundation for steady growth, with the total output value of industries above a designated size reaching 29.94 billion yuan ($4.4 billion). Focusing on future energy, manufacturing and materials, Huairou has successfully become one of Beijing's four municipal-level future industry pilot zones.
Furthermore, the new materials sector has gathered 47 key enterprises, including seven national-level specialized and sophisticated "little giant" enterprises, and built eight innovation platforms at or above the provincial and ministerial levels, forming a complete innovation ecosystem from basic research and pilot verification to industrialization.
