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Beijing administrative center becomes highland for emerging industries
Last Updated: 2021-01-13 01:18 | Xinhua
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-- Two years after a detailed development plan for the Beijing Municipal Administrative Center was approved by the central government, the district has become a front-runner in attracting foreign investment and a highland clustering emerging industries.

-- The district has made a preliminary review of over 600 major projects with a total investment of more than 800 billion yuan, covering infrastructure, public service, and industries, according to Zeng Zanrong, Party chief of Tongzhou District.

Despite the freezing cold, construction on a museum, a theater, and a library in eastern Beijing's Tongzhou District is progressing in full swing.

The projects are set to be the landmarks of the district, designated as the Beijing Municipal Administrative Center. Two years after a detailed development plan for the administrative center was approved by the central government, the district has become a front-runner in attracting foreign investment and a highland clustering emerging industries.

Workers install the component of a shield tunneling machine at the road transformation site in Tongzhou District of Beijing, capital of China, Dec. 25, 2020. (Xinhua/Ju Huanzong)

In 2020, 71 foreign-invested enterprises landed in the district with multiple industries such as finance, culture and tourism, and science and technology gathering in the area.

OPEN AND INTERNATIONAL

The Universal Beijing Resort, a China-U.S. joint venture, is expected to start operation in Tongzhou in May this year.

Tom Mehrmann, president and general manager of the Universal Beijing Resort, said over 100,000 people have participated in the construction of the park, with the collaboration of more than 500 top international and Chinese designers and artists.

The resort is the epitome of the opening-up of the Beijing Municipal Administrative Center. More and more foreign companies are optimistic about the location advantages of the administrative center and choose it as the first stop to settle in China.

(Editor:Wang Su)

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Beijing administrative center becomes highland for emerging industries
Source:Xinhua | 2021-01-13 01:18
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