Beijing opens 155 projects to private investment

0 Comment(s)Print E-mail, June 24, 2022
Adjust font size:

The Beijing municipal government recently opened 155 major projects to private investment, involving 145.6 billion yuan ($21.74 billion).

The plan represents opening a record number of projects and investment volume to the private sector in the past five years, according to the Beijing Municipal Commission of Development and Reform, the city's top economic planner.

Among the projects, 43 are related to technological innovation, high-tech manufacturing, and modern services, which account for over one third of the total investment. Moreover, the private sector is also being encouraged to fund infrastructure and urban renewal projects, with expected investments reaching 42.74 billion yuan and 23 billion yuan, respectively.

The opening of the projects aims to stimulate enthusiasm within the private sector, as well as coordinate COVID-19 control and economic development, said an official from the city's development and reform commission.

From January to May, private investment in Beijing has withstood shocks caused by the pandemic and achieved 14.7% year-on-year growth, 10.6 percentage points higher than the national average.

As of Thursday, a total of 111 projects have stated that a total investment quota of 74.56 billion yuan will be directed toward private investors. 

Follow on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from