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Beijing Speeds up CBD Construction
Authoritative sources revealed February 22 that Beijing is ready to speed up construction of its Central Business District (CBD) and position it as a key function zone to be formally listed during the 10th Five-year Plan period.
As reported, enterprises in the three forms of ventures, i.e. Sino-foreign joint ventures, cooperative businesses and solely foreign-owned enterprises have been up to over 12 thousand in Beijing. In addition, chambers of commerce, banks and enterprises from some hundred countries and regions have set up more than 1100 agencies and offices here, 148 of which have had their names listed among Global Top 500 Enterprises.
According to Beijing's overall plan, CBD has been marked out in the central west of Chaoyang District, Beijing. With an area of 3.99 sq. km., it starts from Dongdaqiaolu in the west and ends at Xidawanglu in the east, Tonghui River, its southern border, and Chaoyanglu, the north line. The east 3rd Loop Road and Jianguomenwai Street lie respectively on the south-north and east-west axes of the square CBD.
The planned area is known to have a fine location with various conveniences and a full range of modern facilities as easy access of transportation and guaranteed water, power and gas supply. Along with these are also 2.8 million sq. m. of land to be opened up and 10 million sq. m. for modernity construction or used to a commercial purpose.
By PD Online Staff Yin Zhili
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