Bioengineering Base Lunched in China's Capital

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Last updated at: (Beijing Time) Wednesday, June 18, 2003

Bioengineering Base Lunched in China's Capital

A bioengineering and pharmaceutical industrial base has been launched in the outskirtan Daxing District of Beijing, the Chinese capital.

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A bioengineering and pharmaceutical industrial base has been launched in the outskirtan Daxing District of Beijing, the Chinese capital.

Nine large bioengineering and pharmaceutical companies recentlysigned an agreement with the Daxing Industrial Development Zone toinvest a total of 900 million yuan (about 108 million US dollars) in the zone for the first-phase construction of the new industrial base.

The zone, one of the four major hi-tech parks in Beijing municipality, will cover 2.33 sq km in the first phase. The construction of infrastructure facilities has been completed and preparations are in full swing to set up factories.

The local authorities hope that the new industrial zone will beable to generate 10 billion yuan (1.2 billion US dollars) in totalsales in the next five years.

In recent years, Beijing has been made strenuous efforts to turn its industrial zone into China's center for hi-tech industries.

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