|Beijing Business Information|
|GDP (USD)||201 B|
|USD:RMB Exchange Rate||1:6.5|
|Average Mfg Employee Wage (per month)||2,800 RMB|
|Average Industrial Facility Cost (per month)||42.4 RMB/m2|
|Access to Logistics||Good|
Beijing is the political, academic and economic capital of China. The presence of China’s Central Government in Beijing has attracted representative offices from every Chinese province, as well as hundreds of manufacturing associations, unions, and other interest groups. Beijing also has a strong presence in the science and technology R&D industry. With 79 universities, enrolling over 537,000 students annually, 27 economically incentivized areas, and 306 scientific research institutions conducting R&D activities, Beijing has been called “China’s Silicon Valley.” It shares most of its industrial strength with its sister city, manufacturing giant Tianjin.
|Important Areas Near Beijing||Beijing’s Main Industries|
In 2007, Beijing utilized USD 5.1 billion in Foreign Direct Investment (FDI). Beijing has since grown and realized an increase to 6.121 billion FDI in 2009. Beijing is home to 26 Fortune Global 500 companies, behind only Tokyo and Paris. Beijing has been attracting investors at an increasing pace which has led to an increase in GDP. In 2009 Beijing generated GDP of USD 173.7 billion. In 2010, they increased their GDP to USD 201 billion, a 16% increase. Its logistics industry is fed by its proximity to the Port of Tianjin, and international airport (the largest in China), which has been named a Free Trade Zone (FTZ) by the Chinese Government. Beijing is the hub of the high speed train network in China and has an expanding public transit system as well as a plan to increase the road system’s length and span greatly to accommodate the growing number of cars used in China.
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