[Photo/beijingetown.com.cn]

On May 26, the 2023 Zhongguancun Forum hosted the "Invest Beijing Global Summit", showcasing Beijing's open arms and investment potential. It created a window for high-level opening-up to the outside world and provided important support for promoting the high-quality development of the capital's economy.

The Beijing Economic and Technological Development Area (BDA) shared experiences, signed major projects, and underscored its role as a hub for advanced industries and a center for technological innovation.

A multitude of established companies have firmly deepened their roots in the region, and there is a continuous influx of new enterprises choosing to establish and thrive here. As of now, the BDA has attracted over 80,000 businesses from more than 40 countries, forming four centibillion-level industrial clusters in high-end automobiles, biopharmaceuticals, the industrial internet, and next-generation information technology.

What makes the BDA so appealing, driving numerous companies to establish and grow their presence here? The answer may be found in the success stories of the BDA's resident companies, Bayer and JD Group.

Carl-Alexander Scheef, vice-president of Bayer Healthcare Co., Ltd. China, highlighted Beijing's ongoing commitment to understanding the priorities and challenges of businesses. He noted that Beijing municipal officials and the "Two Zones" construction workgroup from the BDA had conducted on-site research at Bayer's Beijing factory to better grasp the company's development needs.

He underlined Bayer's confidence in its future in Beijing and China. As a company deeply engaged in and witnessing Beijing's growth, they also encourage more companies to follow in Bayer's footsteps, rooting themselves in Beijing and seizing its abundant opportunities.

Miao Xiaohong, senior executive vice president of JD.com, expressed that JD's growth is primarily attributed to China's stable, open, favorable policies, and market environment. She also commended the strong service-oriented and highly efficient work ethic of Beijing's city leaders, district officials, and various committees and bureaus, which contributes to a positive experience for companies.

During the event, Beijing E-Town sealed agreements on 15 projects with a total investment of 27.94 billion yuan ($3.82 billion). These projects encompass emerging sectors like new energy and the digital economy, as well as the four leading industries: next-generation information technology, high-end automobile and intelligent connected vehicles, biotechnology and big health, robotic and intelligent manufacturing.