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Economic capacity enhanced in Lanzhou New Area

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The gross regional production in Lanzhou New Area has risen from 3.904 billion yuan in 2011 to 12.58 billion yuan in 2015, with an annual growth rate of 33.98 percent, according to a themed report released in Lanzhou on January 26.

During the same period, its number of industrial enterprises with the annual revenue surpassing 20 million yuan has increased from 5 to 50. The tertiary industry has expanded greatly with the total annual output growing from 994 million yuan to 2.704 billion yuan. The fixed assets investment has increased from 14.037 billion yuan to 50 billion yuan. The volume of fixed assets investment totaled 161 billion yuan from 2011 to 2015, with an annual growth rate of 37.38 percent.

The infrastructure construction in the core area of Lanzhou New Area has been completed until now. A total of 281 industrial projects were introduced with the investment totaling 388.3 billion yuan during the same period.

An innovation fund totaling 200 million yuan has been established by the Lanzhou New Area to promote mass innovation and entrepreneurship. Centering on industries of electronic information, high-end manufacturing and equipment and bio-medicine, the new area has introduced 22 projects with a total investment of 4.33 billion yuan.

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