Beijing has set a new record in foreign trade with a 30.3 percent increase in the import and export of goods from January to November 2021: 8.3 percent higher than the national average. Exports of enterprises with independent brands and IPRs accounted for 25 percent of the total. Beijing’s service imports and exports for 2021 are projected to reach approximately CNY 840 billion, with a higher ratio of service trade to the total trade volume, which is leading the pack across China.

Beijing has optimized its two-way investment structure. The actual foreign investment from January to November amounted to USD 15.16 billion, an increase of 9.7 percent, with over 80 percent attributable to investment in major fields of expanded openness within the service industry. Foreign direct investment (FDI) came to USD 5.87 billion, an increase of 56.6 percent. Investment in countries involved in the Belt and Road Initiative grew by 1.4 times. Port operations continued in a regulated and orderly manner. In 2021, the import and export of goods overseen by customs exceeded 66 million tons, and approximately 500,000 visits of international travelers were reported.

Beijing's acceleration was most evident in the development of the Two Zones. In 2021, Beijing completed 235 of the 251 tasks approved by the State Council. A total of ten innovative cases were replicated and promoted nationwide, and over 100 groundbreaking and iconic projects and platforms were implemented. Beijing's development as an international consumption center has been well underway. Beijing established the "1+6" framework (the implementation plan and six supporting documents), and systematically advanced the Ten Special Actions. The 2021 CIFTIS was successfully held, with 1,672 achievements of various kinds, whose number and transaction amount both surpass those of the previous year.

(Source: Chinanews.com)