Trade & Investment
Beijing's tech trade spurs economic transformation
Last Updated: 2014-04-03 16:38 |
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Beijing concluded 62,700 technology contracts in 2013, with the total tech trading volume reaching 285.1 billion yuan, up 16 percent from 2012, according to the Beijing Municipal Science and Technology Commission.

The volume accounted for 38.2 percent of the country's total.

Of the city's tech trade volume, 161.6 billion yuan, or 56.7 percent, came from other provinces, indicating that Beijing's tech trade is becoming a powerful driving force for the national economic transformation.

The added value of tech transaction in Beijing was 183.9 billion yuan, up 11 percent on 2012, accounting for 9.4 of the city's GDP. This signals that the tech market is making greater contributions to the city's social and economic development.

Beijing's foreign tech trade volume hit 65.4 billion yuan in 2013, up 56.4 percent, centering on high-end tech areas such as environmental protection, software and telecommunications.

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