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Beijing Investment Guide

Updated:2017-7-11 11:04:45    Source:www.tannet-group.comViews:82

Beijing, formerly romanized as Peking, is the capital of the People's Republic of China and the world's third most populous city proper. It is also one of the world's most populous capital cities. The city, located in northern China, is governed as a direct-controlled municipality under the national government with 16 urban, suburban, and rural districts. Beijing Municipality is surrounded by Hebei Province with the exception of neighbouring Tianjin Municipality to the southeast; together the three divisions form the Jingjinji metropolitan region and the national capital region of China.

As a city combining both modern and traditional architecture, Beijing is an ever-changing megacity rich in history but also truly modern, exemplified in its global influence in politics, business & economy, education, history, culture, language, music, sporting, architecture, civilization, fashion, art, entertainment, innovation, and technology. Beijing is the second largest Chinese city by urban population after Shanghai and is the nation's political, cultural, and educational center. It is home to the headquarters of most of China's largest state-owned companies and is a major hub for the national highway, expressway, railway, and high-speed rail networks.

Geography of Beijing
Beijing is situated at the northern tip of the roughly triangular North China Plain, which opens to the south and east of the city. Mountains to the north, northwest and west shield the city and northern China's agricultural heartland from the encroaching desert steppes. The northwestern part of the municipality, especially Yanqing County and Huairou District, are dominated by the Jundu Mountains, while the western part is framed by Xishan or the Western Hills. The Great Wall of China across the northern part of Beijing Municipality was built on the rugged topography to defend against nomadic incursions from the steppes. Mount Dongling, in the Western Hills and on the border with Hebei, is the municipality's highest point, with an altitude of 2,303 metres (7,556 ft).

Politics of Beijing
Municipal government is regulated by the local Communist Party of China (CPC), led by the Beijing CPC Secretary (Chinese: 北京市委书记). The local CPC issues administrative orders, collects taxes, manages the economy, and directs a standing committee of the Municipal People's Congress in making policy decisions and overseeing the local government.

Government officials include the mayor (Chinese: 市长) and vice-mayor. Numerous bureaus focus on law, public security, and other affairs. Additionally, as the capital of China, Beijing houses all of the important national governmental and political institutions, including the National People's Congress.

Economy of Beijing
Beijing's economy ranks among the most developed and prosperous in China. In 2013, the municipality's nominal gross domestic product (GDP) was CN¥1.95 trillion (US$314 billion), about 3.43% of the country's total output, and ranked 13th among province-level administrative units.Per capita GDP, at CN¥93,213 (US$15,051) in nominal terms and Int$21,948 at purchasing power parity, was 2.2 times the national average and ranked second among province-level administrative units.The economy tripled in size from 2004 to 2012, and grew at an annual rate of 7.7% in 2013.

Due to the concentration of state owned enterprises in the national capital, Beijing in 2013 had more Fortune Global 500 Company headquarters than any other city in the world.

List of Economic and Technological Development Zones in Beijing
In 2006, the city government identified six high-end economic output zones around Beijing as the primary engines for local economic growth. In 2012, the six zones produced 43.3% of the city's GDP, up from 36.5% in 2007.The six zones are:
1. Zhongguancun, China's silicon village in Haidian District northwest of the city, is home to both established and start-up tech companies. As of the second quarter of 2014, of the 9,895 companies registered in one of the six zones, 6,150 were based in Zhongguancun.
2. Beijing Financial Street, in Xicheng District on the west side of the city between Fuxingmen and Fuchengmen, is lined with headquarters of large state banks and insurance companies. The country's financial regulatory agencies including the central bank, bank regulator, securities regulator, and foreign exchange authority are located in the neighborhood.
3. Beijing Central Business District (CBD), is actually located to the east of downtown, near the embassies along the eastern Third Ring Road between Jianguomenwai and Chaoyangmenwai. The CBD is home to most of the city's skyscraper office buildings. Most of the city's foreign companies and professional service firms are based in the CBD.
4. Beijing Economic and Technological Development Area, better known as Yizhuang, is an industrial park the straddles the southern Fifth Ring Road in Daxing District. It has attracted pharmaceutical, information technology, and materials engineering companies.
5. Beijing Airport Economic Zone was created in 1993 and surrounds the Beijing Capital International Airport in Shunyi District northwest of the city. In addition to logistics, airline services, and trading firms, this zone is also home to Beijing's automobile assembly plants.
6. Beijing Olympic Center Zone surrounds the Olympic Green due north of downtown and is developing into an entertainment, sports, tourism and business convention center.

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