Beijing ramps up efforts for high-quality growth

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Beijing's high-quality growth model has kicked off this year as the capital pushes for relocating non-essential functions to other areas, advancing hi-tech and innovative industries, and creating a pro-business environment to unleash its growth potential.

As part of the city's restructuring campaign, 37 million square meters of illegal structures have been knocked down, over 470 manufacturing companies have moved out of the city, and 26.1 percent of the urban area has been included in the "ecological red line" under mandatory and rigorous protection in the first half of 2018.

"Shifting non-essential functions out of the capital city is the key to the coordinated development of the Beijing-Tianjin-Hebei region and is high on the agenda for Beijing's development," said officials from the CPC Beijing Municipal Committee.

Beijing has restructured and upgraded 127 local markets and logistic centers, shut down 473 manufacturing companies, and opened up around 1,355 hectares of land for afforestation and other public services.

Despite knock-on effects of the restructuring, the city's GDP grew by 6.8 percent year-on-year in H1, according to official statistics.

New business forms like emerging industries with strategic importance and high-tech industries contributed the most to the steady growth, according to the report.

While tearing down illegal buildings and structures, we strive to create more green space to really benefit the local people, said Lin Enquan, an official from the Beijing Municipal Commission of Development and Reform.

The campaign is expected to create more space for innovative, green and inclusive growth and make development more efficient and sustainable, said Liu Yuanchun, vice president of Renmin University.

The city has also simplified the business registration for new companies and brought the entire process online to increase efficiency and cut costs.

Feng Shicong, a legal representative of a Beijing-based AI company, said it only took him a day for completing all the procedures of registration, compared to the 24 days the process took in the past.

The company and the society's positive feedback is the only benchmark for a pro-business environment, said officials from the CPC Beijing Municipal Committee.

Beijing's authorities said that the government needs to provide meticulous and targeted services not only for domestic leading enterprises but also for startups and foreign-funded firms.

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