Over 7,000 Projects Eligible for Beijing Investment Attraction System
A special press conference dedicated to trade and investment facilitation in the development of the Integrated National Demonstration Zone for Opening up the Services Sector and the China (Beijing) Pilot Free Trade Zone ("Two Zones") has informed that, as of now, Beijing's investment attraction database system has accumulated more than 7,000 projects and is expected to attract investment of CNY 1.95 trillion. Amongst all, districts where the seven clusters of the free trade zone settled have contributed more than 4,300 projects, accounting for over 60 percent of the total eligible projects.
In the past two years since the development of the "Two Zones", the leading role of major projects in attracting investment has been obvious, with more than 130 large domestic-funded projects each of which has paid-in investment of more than CNY 1 billion. This has involved more than 70 percent of the total amount of paid-in domestic investment. In addition, there are more than 100 large foreign-funded projects each of which has an investment amount of more than USD 50 million, accounting for nearly 90 percent of the total amount of paid-in foreign investment. Meanwhile, the representative groundbreaking projects keep prospering, playing a leading role in the development.
Beijing utilizes a multitude of measures to strengthen support and promote the quality and efficiency of investment. In 2021, the People's Government of Beijing Municipality approved and issued the Opinions on Further Enhancing Investment Attraction and Promoting High-quality Economic Development, which proposed an innovative investment attraction model and nine measures for attracting investment, such as facilitating platforms in attracting investment and strengthening the investment attraction capacity of industrial parks and relevant carriers, thus setting an example for investment attraction work in Beijing.
Over the past two years, the city and district level governments have worked hand-in-hand to carry out more than 200 investment attraction activities online and offline, widely publicizing the policies and the achievements made so far in the "Two Zones". This has drawn wide attention of multinational enterprises and Fortune Global 500 enterprises and formed a good model for investment attraction in Beijing.
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