Beijing unveils plans to build international consumption center

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Beijing unveiled a series of measures, including 173 major tasks and 111 major projects, aimed at building the city into an international consumption center over the next five years, according to an action plan released Thursday.

According to an official from the Beijing Municipal Commerce Bureau, the city will implement a range of projects including those focusing on new consumption landmarks, new brands, digital consumption and the development of cultural, tourism, sports, education and medical consumption.

The capital will build two or three world-class mall clusters, each at a 100-billion-yuan level, and open around 800 tax refund stores in the coming years. Every district in the city will also be equipped with a comprehensive commercial zone and shopping street to meet people's consumption needs. A modern and comprehensive transportation system will also be developed to better facilitate business activities. 

In addition, Beijing will launch 23 major tasks to capitalize on the consumption potential in the cultural and tourism sector, including the protection of cultural heritage along the city's central axis, and the development of winter tourism programs. 

A total of five major projects will be carried out as part of the city's efforts to advance consumption in the sports sector, with the aim of better exploiting Beijing's advantages as the first city in the world to host both summer and winter Olympics.

Beijing is investing 5.7 billion yuan (US$ 880 million) to renovate the Workers' Stadium, which will cover an area of 385,000 square meters. When completed in 2022, the stadium will be transformed into a complex that integrates sports, commerce and leisure services, making it a new landmark in the city for sports consumption.

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