A special event to promote Beijing's further opening up of its service industry and key development districts under the theme of "Sharing New Opportunities in Beijing's Opening-up" was held Wednesday during the ongoing second China International Import Expo (CIIE). Ten projects were signed with a total value of 6.3 billion yuan (about US$900 million).
Yan Ligang, director of the Beijing Municipal Commerce Bureau, said that Beijing is China's first and only comprehensive pilot city for expanding and opening up the service industry, and it has launched more than 70 nationally pioneering or best performing initiatives. To boost a new round of high-level opening up, this year Beijing has launched a three-year action plan and another 190 initiatives to build a more favorable environment for investment.
A large number of key projects have settled in Chaoyang district, including Standard & Poor's access into China's credit rating market and the establishment of Canon Medical Independent Medical Imaging Center. By the end of September 2019, Chaoyang has landed more than 10,000 foreign-invested enterprises from nearly 120 countries and regions with actual utilization of foreign capital exceeding US$64 billion. Chaoyang is now home to 124 regional headquarters of multinational enterprises, accounting for 70% of the city's total.
Shunyi district, as another pilot zone for further opening-up of the service industry, is embracing new opportunities for development. Tianzhu Comprehensive Bonded Zone is continuing to upgrade its industrial structure as it moves towards high-end service industries. Imports of medicine and artworks in Tianzhu Bonded Zone account for more than one-fifth and one-third of the country, respectively; import of vaccines and cultural relics account for 95% and 48% of the country, respectively.
The fruitful results of Beijing's further opening up of service industry have attracted increasing attention from foreign investors. The 10 projects signed on the spot include electronic equipment, medicine procurement, and environmental protection.
