“This year, Beijing’s auto production will reach 500,000 or more.†Zhang Gong, deputy director of the Municipal Development and Reform Commission, revealed to reporters yesterday at the 2004 Tsinghua Automotive Technology and Industrial Development Seminar in Beijing: “The sales revenue of 500 billion yuan is for manufacturers. There should be no problem.†Zhang Gong said that the automobile industry has become one of the six pillar industries in Beijing. In the future, it will focus on the development of medium and high-end cars, medium and large trucks, and off-road vehicles. It is understood that in the first quarter of the city's secondary industry to achieve an added value of 30.46 billion yuan, an increase of 17.3%, higher than the city's GDP growth. Among them, the transportation equipment manufacturing industry grew by 58.6%, stimulating industrial growth by 4.1 percentage points, and in particular, the key industries have contributed significantly to the industrial growth, and the contribution rate has reached 86.5%. "Beijing's secondary industry has embarked on the fast lane. The integration of automotive and electronics will strongly promote the rapid development of the two industries and related industries. In the next few years, the automotive and motor industry will become a new growth point for Beijing's industrial economy." Zhang Gong said that in the future, Beijing will actively promote the establishment of multinational companies and set up an automotive electronics industry base to promote the development of the automotive electronics industry.
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