Fengtai district in Beijing will reach out to Baoding city for cooperation on building industrial parks.
The first branch of Zhongguancun Fengtai Science Park in Mancheng county of Baoding officially broke ground yesterday.
Zhongguancun Fengtai Science Park also signed a deal with Baoding to build more industrial parks, aiming to transfer many high-end manufacturing lines from Fengtai to the city.
The Mancheng branch, with a planned area of 24.37 square kilometers, will be a manufacturing base of many hi-tech firms headquartered in Fengtai.
Liu Yajing, an executive of Beijing Arrays Medical Imaging Corporation based in Zhongguancun Fengtai Science Park, said, “we need more land to build manufacturing lines, but apparently Fengtai has no spare space. So we seize the opportunity to settle down here in Mancheng.”
Three other enterprises in Zhongguancun Fengtai Science Park also signed agreements to move their manufacturing and logistics link to Mancheng.
The park will be developed and managed jointly by Fengtai district and Baoding city. “The two sides will both contribute to establishing a management firm based on market operation, to offere standard services for enterprises, especially those from Beijing,” said Zhang Jie, director of the management committee of Zhongguancun Fengtai Science Park.
The central government has made the integrated development of Beijing, Tianjin and Hebei a national strategy. It intends to reallocate the non-capital functions of Beijing city plagued with various urban woes, and help vitalize the economy in the surrounding region.