According to Beijing’s Mayor CHEN Jining, the number of national high-tech enterprises in Beijing reached 25,000 in 2018. On average, 199 high-tech startups opened in the city every day, and the city has 80 startup firms each worth more than $1 billion. Beijing set up a 4.45 billion USD science and technology innovation fund for incubating new technology last year, supports multinationals which plan to set up R&D centers and hopes to attract more global talent in order to become a major innovation center of S&T.

CAS news release, January 17, 2019