Beijing

Beijing ranked first in "unicorn" numbers among Chinese cities in 2018, with 74 such enterprises, followed by Shanghai, 34, Hangzhou, 16 and Shenzhen, 14, according to a report compiled by the Evergrande Research Institute. The report showed "unicorns" continued to rise in cities such as Beijing, Shanghai, Hangzhou and Shenzhen which stand at the forefront in the country in terms of manufacture industry, talents, policies and infrastructure. In 2018, 85.7 percent of Chinese "unicorns" were established in these four cities, accounting for 94.5 percent of total valuations of "unicorns" around China. The report said the "two-eight effect" -20 percent cities having 80 percent "unicorns" - still exists, but was declining. Emerging first-tier cities represented by Nanjing saw increase in "unicorn" numbers. At the time of release of the report in March, five new unicorns were born in Nanjing out of the 54 latest companies in 2019. Cities such as Hefei, Qingdao and Chengdu also started to give … [Read more...] about Beijing boasts most Chinese ‘unicorns’

BEIJING - Beijing will attract international financial and service institutions to set up regional headquarters or branches here, the city mayor Chen Jining said while delivering the annual government work report. The city will release new measures involving foreign exchange management reform, cross-border use of yuan and investment and financing facilitation, Chen said at the opening meeting of the annual session of the Beijing Municipal People's Congress. International financial institutions such as banks, insurers, securities and fund firms, as well as professional service organizations covering the fields of accountancy, audits, assessments and credit are welcome to set up regional headquarters or affiliated agencies in Beijing. Last year, Beijing's actual use of foreign capital surpassed $16 billion. China's first foreign-controlled joint venture in aircraft maintenance started operation and a group of international financial and service institutions has settled down in the … [Read more...] about Beijing to accelerate opening-up in financial sector

Video PlayerClose BEIJING, Dec. 10 (Xinhua) -- Beijing has issued more than 10 measures to address family considerations of military personnel since 2018. A preferential mechanism for the education of children of military personnel has been set up, giving nearly 12,000 such children access to quality elementary and secondary schools, according to the Beijing Veterans Affairs Bureau. The bureau has organized more than 10 job fairs in 2019 for those living with their military relatives, offering nearly 2,000 positions in more than 100 enterprises. The bureau said that more preferential policies for military personnel will be rolled out in the future. … [Read more...] about Beijing offers favorable treatment for families of military personnel

Video PlayerClose People walk in Beijing Ming Dynasty City Wall Relics Park in Beijing. (Xinhua/Ma Ning) By Xinhua writers Guo Yifan, Han Zhaoyang BEIJING, June 30 (Xinhua) -- It may be new knowledge to many that aside from the famous Great Wall in suburban Beijing there are also ancient city walls dotting the bustling downtown of the capital city. Local resident Guo Liang took a morning stroll at the foot of the brownish-gray city wall that dates back to the Ming Dynasty (1368-1644) in Chongwenmen of Dongcheng District, the city's central area. Suddenly, she stopped, took out her cell phone and snapped a picture of magpies flying over the ancient wall. Originally built to protect Beijing from the invasion of outside forces, the ancient city wall is now part of the modern life of Beijingers. Besides people leisurely walking along the 1.5-km-long Ming city wall, there are also people practicing Tai Chi, square dancing and jogging. "I love this place. To be more engaged I have adopted … [Read more...] about Discover China: “Great Wall” in downtown Beijing, a part of modern life

Flying towards Beijing from the northwest I have always been fascinated to look down on seemingly extensive areas of semi-arid or even desert terrain. Yet, the flight would be less than an hour from its destination! Then, so quickly everything changes with greenery, mountains and lakes appearing as the aircraft descends on approach into the city's major international airport. That narrow belt of northern mountains between Beijing's Changping and Yanqing Districts along with a much larger stretch of the Western Hills have played physically and historically critical roles for the city. Acting in some ways like a great 'screen wall' reminiscent of traditional courtyard building design, they protect both from the bitterly cold northern winds and potential threats of desert encroachment. Satellite imagery clearly shows the deserts stretching from north of Beijing right across northwestern China to be broken only by the Mountains of Heaven (Tianshan) in Xinjiang before continuing onwards to … [Read more...] about Beijing – a personal journey of discovery amidst rapid change