Beijing Development Zone to Perfect Investment Environment

The Beijing Economic and Technological Development Zone (BETDZ) will further perfect its environment for overseas investors, as China's entry into the WTO is close, Li Fengling, chief of the zone administration, told a press conference on April 5 in Beijing.

As a state-level new and high technology development zone, BETDZ enjoys preferential policies, which, however, will not be of much help after China's entry into the WTO, said Li.

The official said that the only way to promote the zone's competitiveness is to improve the investment environment by means of more standard, user-oriented and transparent management according to law.

So the zone has drawn up a plan to upgrade its infrastructure, including a sewage facility with daily capacity of 20,000 tons, a pipeline for running water, a school and 4,200 square meters of factory buildings.

The zone also promises quality and fast services to investors. Statistics show that from 1994 to late February this year, altogether 530 enterprises from over 30 countries and regions entered the zone, bringing with them a total investment of US$ 2.2 billion.

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