The Beijing-Tianjin-Hebei region witnessed an impressive 90 percent growth in its gross domestic product (GDP) over the past decade, reaching 10.4 trillion yuan (approximately $1.46 trillion) in 2023 compared to 2013.
Beijing has strategically redefined its role by shifting non-capital functions, resulting in the closure of over 3,000 manufacturing companies and the upgrading or shutdown of nearly 1,000 markets and logistics centers. Liu Bozheng, deputy director of the Beijing office overseeing the integration of the region, highlighted these initiatives at a press briefing.
This growth is a testament to high-quality development, with new business entities in high-end industries such as technology, commerce, culture, and information increasing from 40.7 percent in 2013 to 66.1 percent in 2023.
Additionally, enterprises from Zhongguancun, Beijing’s national high-tech industrial development zone, have established over 10,000 branches in Tianjin and Hebei. Beijing-based companies have also invested 2.3 trillion yuan across the neighboring regions through 49,000 separate investments.
Enhancing connectivity has been a key focus, with the region adding over 11,000 kilometers of railway lines—up more than 30 percent since 2013—and nearly 11,000 kilometers of highways, marking a rise of over 40 percent in the past decade.
As integration continues to accelerate, the Beijing-Tianjin-Hebei region is set to become a powerhouse of economic and technological innovation, driving sustainable growth and development.
Reference(s):
cgtn.com
