Shunyi District of Beijing has focused on the seven industries of air services, cross-border finance, cultural trade, commercial conventions, digital trade, health care and international logistics to accelerate the efforts for development of the integrated national demonstration zone for further opening up the service sector and China (Beijing) Pilot Free Trade Zone. In a period of two months, overall 30 investment promotion, research seminar and policy training activities were intensively organized, with 28 projects signed worth up to CNY 72.4 billion in total.

Shunyi District is one of the first Beijing-based comprehensive demonstration zones for further opening up the service sector of China. Through three rounds of pilot programs since 2016, Shunyi has implemented 126 projects, led to create 14 innovative exemplary cases such as aviation equipment sharing and intellectual property securitization, and explored a batch of new patterns and models of the service sector in cultural trade and cross-border e-commerce, etc. In late September, an overall area of 28.5 sq.km around Beijing Capital International Airport in Shunyi was allocated to the international business service area of the pilot free trade zone, the largest part in size among all districts of the city.

Shunyi District leverages on Beijing Airport Economic Core Zone, Tianzhu Comprehensive Bonded Zone and the Sino-German Industrial Park, and build on the development plan for Beijing Capital International Airport to foster a leading innovative airport economic pilot zone with global influence, and developing a globally competitive airport-industry-city integration demonstration zone. Tianzhu comprehensive bonded zone has implemented successively 5 innovation policies, including four original ones and the other one as a first national pilot.

Over the next three years, the annual growth rate of foreign capital utilization in Shunyi part of the China (Beijing) Pilot Free Trade Zone is slated to exceed 30% on average. Tianzhu comprehensive bonded zone is expected to account for half of the imports of cultural and art works and one third of the medicine imports by 2022.

(Note: Content source is from Beijing Daily)