As of June 29, work has begun on the development of all the 100 major projects in Beijing, with a total investment of CNY 83.9 billion.
On one hand, the 100 major projects which are going full steam ahead are related to livelihood improvement. These projects focus on providing services and solving problems for the people in a practical manner. On the other hand, Beijing has launched and implemented a batch of projects related to "Beijing Intelligent Manufacturing" and "Beijing Service" concerning the integrated development of the five aspects and the development in key fields. These include the international science and technology innovation center, the "Two Zones" or the Integrated National Demonstration Zone for Opening up the Services Sector and China (Beijing) Pilot Free Trade Zone, and the global digital economy benchmark city. At the same time, a number of regional, functional, and exemplary major infrastructure projects have also been implemented in such fields as urban renewal and urban function enhancement to further promote urban quality and spatial layout.
In regards to investment operation, Beijing got off to a good start by laying down a strong support for the integrated development of the five aspects. Data shows that from January to May, Beijing's fixed asset investment increased by 12.9 percent year-on-year. Construction and installation investment saw an increase of 27 percent year-on-year, 7.1 percentage points higher than the national average. In particular, private investment remained active, with a year-on-year increase of 18.5 percent, 0.4 percentage points higher than the national average.
(Note: Content source is from Beijing Youth Daily)