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Innovation adds wings to Beilun's economy

2011 is the first year of the 12th Five-Year Plan Period. During the first 11 months, Beilun's industrial enterprises of/above the designated size have generated an output value of 170 billion Yuan, about 1/6 of that of Ningbo, with the profits reaching near 13 billion Yuan, about 1/4 of that of Ningbo, both hitting a record high. The indexes of industrial investment, actual utilization of foreign capital, imports and exports all rank first in Ningbo. The growth rate on average exceeds the projected target of the 12th Five-Year Plan and the average level in Ningbo.
 “The rise in economic returns is attributed to the progress in the economic restructuring and changes of the growth pattern”, said Chen Lixing, director-general of Beilun government. Thanks to the improved industrial spatial layout, the output value in the 9 important sectors accounts for more than 95% of the total output value in Beilun. And Beilun has been seeing economic growth in its striving to set up 10 leading enterprises, 20 key enterprises and 200 enterprises with strengths by the end of 2012. From January to November of this year, leading enterprises including Ningbo Steel has reached an accumulated output value of 109 billion Yuan with an increase rate of 20.5%, about 60% of the output value of Beilun industrial enterprises above the designated size.
Innovation has been a stimulus in Beilun economic development. During the past 11 months, high-tech industries have attained an output value of 67.7billion with a growth rate of 25%. The output value of new products has been 32.7 billion Yuan with a growth rate of 38.8%, 16.8 higher than the increase rate of that of industrial enterprises above designated size. Now there are 64 high technology enterprises in Beilun with an annual investment in science research and development of 8,540million Yuan, taking up 2.5% of Beilun GDP.
Beilun has been making full use of its port advantage, building itself into the center of foreign capital utilization in Zhejiang province. During the past 11 months, its contract utilization of foreign capital has been 1,155 million Yuan and actual utilization of foreign capital 742 million Yuan, respectively enjoying a rise of 23.1% and 25.9%, the highest in Zhejiang. The 40 new investment projects, 17 out of which have an investment of more than 10 million Yuan, take in a total investment of 2.08 billion Yuan, doubling that of the same period last year. Utilization of foreign capital has further improved Beilun industrial structure.
Energy conversation also contributes to the economic increase. Beilun has launched 142 energy-saving projects this year and invested a planned amount of one billion Yuan in removing the energy-consumption and heavily air-polluted enterprises. It is expected to save 447,000 tons of standard coals this year. With that, Beilun ranks first in investment volume and energy-saving amount in Ningbo.
Beilun leaders have been confident in addressing difficulties in economic development. New giant projects will sustain the upgrading of the port economy. There have been 147 new projects this year, 51 of which having a planned investment amount of 50 million Yuan each and 5 having more than 1 billion Yuan. There are 106 projects listed as the provincial or municipal-level key projects. This year, Beilun’s planned investment is expected to reach 105% of the year’s target, totaling 21 billion Yuan which goes to 76 key projects. Both the number and the investment amount reach a record high

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