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Beijing Used US$1.541bn Foreign Investment by July
Beijing is experiencing a new upsurge of foreign investment along with China's impending entry into WTO, Beijing's success in Olympic bid, and Beijing's accelerated infrastructure construction. In the first seven months of this year, Beijing used an actual amount of US$1.54 billion of foreign capital, including a direct investment of some US$1.019 billion to show an increase of 39.6 percent over the same period of last year.
Liu Qi, mayor of Beijing, lately said at a working conference that Beijing would improve its service quality for foreign investment, create a world topnotch investment environment in line with international practices and standards.
Specifically speaking, a series of measures will be adopted in Beijing for a first-rate service and business environment to be created, civil servants' consciousness of rendering service to enterprises enhanced, government functions improved, market operations regulated and legal benefits of foreign businessmen protected for a higher level of Beijing's internationalization.
Liu told that Beijing's absorption of foreign funds will be closely linked up with adjustments of its economic order and preparations for the 2008 Olympic Games. Beijing will attract most foreign capital into its hi-tech and tertiary industries and will have advanced technology and modern management introduced, professional talents used, to speed up the city's development and modernization construction.
By PD Online staff member Huang Ying
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