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The 8th Beijing Investment Fair kicks off on Sept 6. [Photo by Sun Muyao/ chinadaily.com.cn]
Eleven major investment project contracts were signed in the 8th Beijing Investment Fair,held on Sept 6, with a total value of around 19.53 billion yuan($2.9 billion). More than 700 companies and organizations attended the fair.
60 new projects requiring 275 billion yuan($41.2 billion) were also released by the Beijing Municipal Commission of Development and Reform. As announced, these new projects plan to absorb private capital of 195 billion yuan($29.2 billion).
The Fair is a professional platform to serve domestic and overseas investors and companies, and the only major economic event to promote social and private investments in Beijing. This year’s fair has the theme “Promote Reform of the Supply Front and Boost Development of Private Investment”.
Ma Peihua, vice-chairman of the CPPCC National Committee and executive chairman of the China National Democratic Construction Association, and Cheng Hong, vice-mayor of Beijing, delivered speeches.
Cheng gave a detailed introduction to the new trend and opportunities of the capital’s development, explaining how the local government plans to enlarge comprehensive experimental reform units in the service industry and promote private investment. Officials from the Beijing Municipal Commission of Commerce presented the new measures and business opportunities in the service industry.
The 8th Beijing Investment Fair invited Haidian and Yanqing, two districts of Beijing, to give themed promotions. Haidian focused on its Zhongguancun I-M-Way and regional talent policies, while Yanqing introduced the opportunities arising from the 2022 Winter Olympics and Horticultural Expo 2019.
