BUSINESS Over 600 foreign-funded companies settle in Beijing's CBD in 2019

BUSINESS

Over 600 foreign-funded companies settle in Beijing's CBD in 2019

Xinhua

19:44, January 06, 2020

BEIJING, Jan. 6 (Xinhua) -- Over 600 foreign-funded companies settled in Beijing's Central Business District (CBD) in 2019, bringing the total number of foreign companies in the area to over 10,000.

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File photo: VCG

A total of 550 foreign-funded companies including 88 multinationals have set up headquarters in the area.

Statistics indicated that foreign companies contributed over 40 percent in total tax income from January to November of last year in the CBD, located in Beijing's Chaoyang District.

In the first three quarters of 2019, the GDP of Beijing's CBD reached nearly 240 billion yuan (around 34.4 billion U.S. dollars), with a year-on-year growth of 7 percent.

Surrounded by foreign embassies, press and international organizations, Beijing's CBD has formed an all-round developing pattern, which coordinates global finance, high-end businesses and the media industry.

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