On November 6, the Beijing Trade Mission hosted the thematic activity “Beijing Day” during the 6th China International Import Expo (CIIE). A total of 176 major investment projects were released, with 17 signed on-site. These signings included seven procurement orders for medical devices and pharmaceutical healthcare, automobiles and parts, and jewelry, among others. Additionally, ten investment projects in next-generation information technology, biotechnology, business services, cultural tourism, artificial intelligence, green energy, energy conservation, and environmental protection secured a total investment exceeding one billion yuan.
In the first three quarters of this year, Beijing’s GDP reached 3.17 trillion yuan, marking a 5.1 percent growth. The number of newly established market entities surged by 22.1%, including 1,238 new foreign-funded enterprises, a 12.1% year-on-year increase. Moreover, the region’s total volume of trade hit 2.68 trillion yuan, with imports accounting for 2.24 trillion yuan. These statistics demonstrate that Beijing’s economy is recovering steadily. Looking ahead, Beijing will continue to incorporate the “five key initiatives” into the new development paradigm and expand high-standard opening-up, thereby fostering the high-quality development of the capital.
Currently, Beijing is making great efforts to establish itself as a pacesetter for high-standard opening-up. With a focus on deepening institutional innovation in sectors such as science and technology, digital economy, service industry, and finance, the upcoming 2.0 version plan for developing a national integrated demonstration zone for greater openness in the services sector will introduce more than 170 pilot measures. These measures include expanding the opening up of value-added telecommunications services and the cash pooling service integrating domestic and foreign currency management. Efforts to turn Beijing into a global consumption center will continue. A total of 25 large commercial facilities covering an area of 2.4 million square meters will open this year. The city is also set to commence the construction of the second phase of the Universal Beijing Resort and renovate and build a group of commercial complexes. Moreover, Beijing aims to create a world-class business environment as it is implementing the 6th edition of the business environment reform plan. The goal is to achieve comprehensive enhancement of the approval, regulation, and service processes by leveraging the permit consolidation reform, which combines various permits required of a business into one comprehensive license, the “All-in-One-Go” service model, and integrated oversight. The foreign investment regulations of Beijing will be issued soon to better protect the legitimate rights and interests of foreign investors.
At the event, the Beijing “Two Zones” Office, Beijing Municipal Science and Technology Commission, and Beijing Municipal Commerce Bureau gave presentations on the latest developments and policies of Beijing in developing the “two zones”, the international center of innovation, and the global consumption center. Xicheng District, Chaoyang District, Tongzhou District, and Economic-Technological Development Area presented investment opportunities based on their respective industrial structures. Representatives from renowned foreign enterprises, such as MSD and Air Liquide, provided introductions of their companies and expressed willingness to collaborate with Beijing.
