Beijing issues plan to bolster high-quality development, modern economy

0 Comment(s)Print E-mail, August 25, 2023
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Beijing recently released a three-year action plan aimed at fostering the city's high-quality development through regional coordination, sci-tech innovation and industrial transformation.

The plan outlines 50 specific tasks in five aspects: coordinated development of the Beijing-Tianjin-Hebei region, fostering innovation-driven growth, facilitating high-end industrial transformation, promoting consumption and investment, and the development of "two zones."

To strengthen coordination among Beijing, Tianjin and Hebei province, Beijing will enhance the integration of the region's innovation, industrial and supply chains, and create a group of world-class advanced manufacturing clusters.

The plan also includes a number of initiatives focusing on the goal of building Beijing into a global sci-tech innovation hub by 2025. Specifically, the city will build a group of world-leading innovation platforms to support the operation of national labs.

In terms of building an internationally competitive modern industrial system, Beijing will encourage manufacturers to establish digital headquarters, in a bid to further improve the city's digital infrastructure and enhance the supply capacity of its computing resources.

A number of advanced industries are also taking shape in Beijing. According to the plan, Beijing will work to further develop new generation information technologies, biomedicine, intelligent connected vehicles, artificial intelligence and robotics. Efforts will also be made to bolster the city's seed industry, finance, professional services, as well as the new energy sector.

In terms of investment and consumption, the city plans to develop an efficient and smooth modern logistics system, establish a number of commercial complexes, and roll out a series of urban renewal projects in old neighborhoods, business districts and industrial facilities.

In addition, Beijing will continue to improve its business environment, expand reform and opening of its service sector, and introduce a group of typical and pioneering foreign-invested projects, in a bid to pilot the alignment of domestic rules with those in high-standard international free trade agreements.

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