Industry and Agriculture
Both industry and agriculture are well developed in Fangshan. Over 2300 enterprises owned by the district, townships or villages have been set up and form a complete industrial system in a variety of trades, with different grades and many kinds of products. Yanshan Petrochemical Group, one of the largest state-owned enterprises in China, is located in Fangshan District. Agriculture has developed from traditional growing and planting to integrated and full development in forestry, livestock,greenhouse horticulture and fishery. The building industry has become the backbone of the district, with annual building area reaching 6 million square meters.
The foreign-oriented economy of Fangshan has developed rapidly in recent years. As of 1999, the District government had approved 345 foreign-invested enterprises. Over 20 countries and territories throughout five continents are represented. There are 100 export-oriented enterprises producing over 40 kinds of product. Liangxiang Satellite Town, approved by Beijing Municipal Government, has become a new hub of development. In 1998, the site of Fangshan People’s Government moved to Liangxiang, making it the district's center of politics, economics and culture. The development Zone of Liangxiang extends favorable policies to business. Under the Ninth Five-Year Plan and Ten-year Outline, the zone will be further opened to the outside and encourage foreign investment in the following industries: electricity, machinery and electronics, instruments, textiles, printing, new building materials, new materials, new energy resources, fine chemicals, food processing, flowers, greenhouse vegetables, tourist facilities, commercial facilities and the animal industry. The zone welcomes overseas Chinese and guests from Hong Kong, Macau, Taiwan and other countries.
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