BEIJING, Feb. 6 (Xinhua)--Xinhua Silk Road, China’s state information service platform focusing on the Belt and Road Initiative under Xinhua News Agency launches Beijing’s business environment report here on Tuesday.
The report, named Beijing’s Business Environment & Assessment Report (2017), showed that since a pilot program launched in 2015, Beijing has stepped up efforts in expanding the opening up in local services industry, through relaxing restrictions on foreign investment access, streamlining the administration process of the exit and entry of foreigners, and pushing through reforms on optimizing business environment, in order to create a more stable environment for foreign firms.
According to data released by the Department of Commerce of Beijing, the foreign investment actually utilized in Beijing’s services industry reached 23.2 billion U.S. dollars in the first 11 months of 2017, accounting for 95.4 percent of total foreign investment in the city and recording a year-on-year increase of 88.4 percent. The number of newly established foreign-funded enterprises in the city's daily-life service industry increased by 61.1percent and accounted for 12.1 percent of the total newly established foreign-funded enterprises in Beijing.
The report is a part of a series of reports conducted by Xinhua Silk Road on the business environment of 31 provinces, municipalities and autonomous regions on Chinese mainland. Backed up by economic information database of Xinhua News Agency and information collection network throughout the country, the reports provide more than 50 indicators in 12 aspects and follow the changes in the areas of politics, economics, society and investment policies. The reports also provide investment advises and risk valuation, which are conducted by economic analysts, to overseas investors.
The reports will be updated and released annually, and they will serve the Belt and Road Initiative, follow the changes of business environment, provide information and opportunities to overseas investors and help all provinces and regions of China to introduce quality foreign investment.
In the future, Xinhua Silk Road will release more domestic and overseas business environment information and analysis reports, provide relevant database service. It will also regularly release Belt and Road Weekly, focusing on the latest development of the Belt and Road Initiative and showing the achievements and opportunities to the international community.
The Xinhua Silk Road was officially launched in July 2015. The platform currently provides products and services covering a Chinese-English bilingual database, a Chinese-English bilingual web portal, research, consulting and think-tank services. It also offers companies and institutions one-stop services in due diligence, trade matchmaking, branding, and credit investigation.
For the full report, please contact +86-10-63077787, silkroadweekly@xinhua.org. (Contributed by Ding Lei, dinglei@xinhua.org)
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