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Beijing's Overseas Direct Investment has reached 45 Billion U.S. Dollars in Recent 5 Years

Both Beijing's domestic investment and overseas investment have entered a new phase. From 2013 to November 2017, Beijing's total overseas direct investment has reached 45 billion U.S. dollars. The amount of overseas investment in the past five years accounted for 40% of the total ever since the reform and opening up.

Yan Ligang, director of the Beijing Municipal Commission of Commerce, expressed at the recent 2018 Beijing Commercial Work Conference, from January to November 2017, the direct investment of non-financial companies in Beijing reached 5.779 billion U.S. dollars, and irrational investment was effectively prevented. Investments in industries such as mining, manufacturing shifted to emerging service industries, leasing and business services, culture and sports, information transmission and computer technology services accounted for more than 50%.

Yan Ligang said Beijing has made breakthroughs in utilizing foreign investment. In 2017, Beijing utilized 24.33 billion U.S. dollars of foreign capital, up 86.7%, ranking first in the country. The structure of attracted investment in Beijing continued to be optimized, and the proportion of foreign investment in the service industry was further raised, accounting for 95.4% of the actual foreign investment.