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May 25, 2019

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Transforming the character of industry

By eliminating outdated production capacity, fostering new growth areas and improving industrial quality and efficiency, Hebei has made every effort to accelerate its transformation.

Major progress has been made in the withdrawal of iron and steel enterprises from cities around Beijing. Baoding’s iron and steel production capacity has been completely withdrawn. Three of the four iron and steel enterprises in Langfang have been closed while capacity in Qinhuangdao and Chengde has been greatly reduced.

At the same time, a number of high-end manufacturing projects such as Beijing Hyundai Cangzhou and Lynk & Co Zhangjiakou have new factories in operation.

Preliminary work on Caofeidian’s 10-million-ton oil refining project is going well.

Province-wide, 12.3 million tons of steel capacity, 10.9 million tons of iron capacity, 14 million tons of coal production capacity have been cut.

In 2018, the added value of industrial strategic emerging industries grew by 10 percent, of which the pharmaceuticals grew 13.2 percent and the integrated circuit manufacturing industry 28.6 percent.

During the same period, the added value of the high-tech industry increased by 15.3 percent, of which new-energy vehicles increased 1.8 times and LCD screens by 30.7 percent.

Carrying out technological transformation, developing industrial design, enhancing industrial innovation capability, and fostering and strengthening strategic emerging industries are Hebei’s recipe.

This year, the province will have 1,000 more large-scale industrial enterprises. Strategic emerging industries will keep growing, with revenue exceeding 1.5 trillion yuan.

The added value of high-tech industries will increase more than 12 percent and the fixed assets of high-tech industries will grow more than 10 percent.

The elimination of outdated capacity continues, with more than 5,000 industrial enterprises transforming, and investment in transformation to rise over 6 percent.


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