Beijing to invest $193.8 billion on major projects in 2019

Beijing to invest $193.8 billion on major projects in 2019
Beijing will invest 1.3 trillion yuan(193.8 billion U.S. dollars) in total on about 300 major projects in 2019, according to Beijing Municipal Commission of Housing and Urban-Rural Development on March 12, 2019.These major projects, highest in number ever, are divided into three sorts, namely infrastructure, livelihood improvement, and high-grade, precision and advanced industries.They cover 21 fields, like transportation, education, health care, greening, water affairs and advanced manufacturing industry among others.Beijing will continue to give full play to the leading role of the advanced manufacturing industry and reduce the dependence of key core technologies on foreign countries in 2019.Correspondingly, a total of 12 ongoing projects including the 8-inch integrated circuit RD and packaging testing platform project and Zhongguancun IC Park project will be completed within 2019.Beijing will start constructing 17 projects like BOEs life science industrial base and NKDs drug intelligence production project, in a move to push ahead the high quality development of manufacturing industry.

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