It was learned from 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") that, as of now, more than 7,000 projects have been registered in Beijing's investment attraction database system, which are expected to attract an investment of CNY 1.95 trillion. Among all, districts where the seven precincts of the free trade zone are located 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. More than 130 large domestic-funded projects have been launched, each of which has a paid-in investment of more than CNY 1 billion. Their combined investment accounted for more than 70 percent of the total. 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 paid-in foreign investment. Meanwhile, the representative landmark projects keep prospering, playing a leading role in the development.

Beijing took multiple measures to strengthen support and improve 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 other channels, thus setting an example for investment attraction 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 communicating 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. 

(Source: Beijing Daily)