China's Beijing-Tianjin-Hebei region sees faster industrial integration

Photo taken on Nov. 6, 2019 shows the autumn scenery in Xiongan New Area, north China's Hebei Province. China announced plans in 2017 to establish the Xiongan New Area, located about 100 km southwest of Beijing. It is a key move in pushing the coordinated development of the Beijing-Tianjin-Hebei region. (Xinhua/Xing Guangli)

The Beijing-Tianjin-Hebei strategy was officially proposed in early 2014 as the country seeks to foster regional growth engines with coordinated regional development.

BEIJING, Dec. 14 (Xinhua) -- China's landmark plan for regional coordinated development reported improving industrial integration, official data showed.

The Beijing-Tianjin-Hebei area saw rapid growth of companies and other entities operating across the three neighboring northern Chinese provincial-level regions in the past five years, data from the National Bureau of Statistics showed.

Such entities reached 16,000 by end-2018, surging over 180 percent compared to the end of 2013.

Among these entities, modern services like leasing and information transmission software expanded to over 41 percent of the total in 2018, while the share of traditional services dropped.

The Beijing-Tianjin-Hebei strategy was officially proposed in early 2014 as the country seeks to foster regional growth engines with coordinated regional development.