China to invest more than 10 billion yuan in aerospace park

10:53, April 02, 2011      

Email | Print | Subscribe | Comments | Forum 

The China Aerospace Science and Industry Corporation announced on March 31 that it will invest more than 10 billion yuan in constructing the Beijing Aerospace Industrial Park (BAIP) during the "12th Five-Year Plan" period.

It will allow a batch of high-tech projects such as safe city and emergency equipment, the Internet of Things, digital city and satellite applications to settle in Beijing, and achieve industrialization.

The China Aerospace Science and Industry Corporation, its Second Institute and Third Institute as well as its branch company Aisino signed agreements with several Beijing departments to carry out the comprehensive cooperation in launching the construction of the Beijing Aerospace Industrial Park, promoting the construction of the Zhongguancun National Self-Demonstration Core Area and jointly promoting scientific research and industrial development.

According to sources, the concentration of these aerospace high-tech projects in Beijing will provide 15,000 jobs opportunities.

According to the agreements, the two institutes will be in charge of building the Beijing Aerospace Industrial Park, and are expected to finish the first phase of the project by the end of 2012. It is estimated that the total investments in the park will reach 11.1 billion yuan by 2015, and the park will generate gross sales of up to 20 billion yuan.

The park will be divided into nine different areas, namely the Safe City and Emergency Facilities Area, Internet of Things Area, Numerical Control and Industrial Automation Area, Radar and Industrial Irradiation Facilities Area, Unmanned Vehicle Equipment Area, Power Equipment Area, Live Power Line Maintenance Facilities Area, Electromechanical Device Integrated Manufacturing Area, and Microwave Imaging Facilities and Energy-conservation Controller Area.

Aisino Corporation will focus on carrying out emerging industrialization projects including the digital city, radio-frequency identification (RFID), smart card, enterprise informalization, satellite application, and digital media projects in Haidian District, in hopes of using its technological advantages to promote the construction of the core area of the Zhongguancun National Independent Innovation Demonstration Zone. The total investments on these projects will reach 1.5 billion to 2 billion yuan during the "12th Five-Year Plan" period, and they are expected to bring in gross revenue of 5 billion to 7 billion yuan.

By People's Daily Online
  Weekly review  


  • Do you have anything to say?


Special Coverage
  • Survey for 2011 NPC and CPPCC Sessions
  • Focus On China
Major headlines
Editor's Pick
  • Soyuz TMA-21 spacecraft due to blast off on April 5
  • Thousands gather with various demands in Egypt
  • Canadian singer Michael Buble marries in Buenos Aires
  • Inheritor of Lnaze knife craftsmanship
  • Baby crawling contest held during Taipei Children Expo
  • King Yin Lane in HK to be open to public after restoration
Hot Forum Dicussion