Knowledge-Based Service Industry Thriving in Beijing

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Last updated at: (Beijing Time) Tuesday, January 08, 2002

Knowledge-Based Service Industry Thriving in Beijing

Knowledge-based service industries such as accounting, legal services, project consultation and image design are now gaining weight in Beijing's economic development.
The total income from knowledge-based service industries last year amounts to 4.3 billion yuan, making them an important growth area in the capital city's booming economy.

Industrial Income Grows

Knowledge-based service industries such as accounting, legal services, project consultation and image design are now gaining weight in Beijing's economic development, according to a recent research by Beijing Municipal Commission of Science and Technology Commission.

Statistics show that the total income from knowledge-based service industries last year amounts to 4.3 billion yuan, making them an important growth area in the capital city's booming economy.

Knowledge-based Service Business Boosts

At present, Beijing has about 7,000 businesses related to the above industries which employ approximately 300,000 people.

Research shows that these businesses completed about 200,000 projects and generated takings of 3.49 billion yuan in 2000.

The emerging central business district, financial street and Zhongguancun high-tech trade zone will help to boost the development of the above industries.

Solid Foundation to the Industry

Experts say that a large number of Beijing-based universities, business institutions and overseas scholars will bring momentum to the knowledge-based service industries, which constitute a key indicator of an international metropolis.

China Urged to be Builder for Knowledge Economy System

Confronted with the daily increasing pressure from society, politics and economy in the 21st century the latest report of the World Bank holds that China has to make a big readjustment in the development strategy so as to raise and establish a new type of system and infrastructure necessary to take the helm of knowledge revolution.

To make a renovation in economy and system framework.

To raise the level of education and study.

To set up an infrastructure of information industry.

To push forward creative innovation.

To create 100 to 200 million new job opportunities to take in the labor-forces shifted out of agriculture and SOEs and 8000 new labor-forces.

To maintain growth rate and competitiveness.

To reduce the regional disparity of income, knowledge, education and information infrastructure between the east and west.

To realize a sustainable development in environment, this is to be achieved by means of investment in education.

China Urged to be Builder for Knowledge Economy System: World Bank

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