I. The commencement of major projects has driven Beijing's investment to maintain relatively high growth and continuously optimize its structure

Since the beginning of this year, the Beijing Municipal Development and Reform Commission, together with relevant municipal departments and all districts, has closely focused on 'launching new projects, continuing construction, expanding increments, and building reserves,' continuously intensifying efforts to advance projects, promote investment, and stabilize growth. From January to May, the city's fixed asset investment grew 12.9% year on year; construction and installation investment rose 27% year on year, 7.1 percentage points higher than the national average. Investment operations achieved a 'good start,' providing strong support for the implementation of the 'Five Key Initiatives.'

Investment in areas that shore up weaknesses and strengthen strengths maintained relatively rapid growth. Investment in high-tech manufacturing grew 35.1% year on year, investment in business services grew 48% year on year, investment in affordable housing grew 12.2% year on year, and investment in education grew 7.8% year on year.

Private investment remained active, growing 18.5% year on year, 0.4 percentage points higher than the national overall level, with an average two-year growth rate of 11.1%.

II. Projects under the centralized commencement campaign have all started construction, achieving outstanding results

Since Party Secretary Cai Qi and Mayor Chen Jining inspected and launched the city's major project commencement campaign on May 22, all districts and departments have deepened reform and innovation, conducted intensive research, carried out orderly and effective scheduling, and engaged in extensive publicity and reporting. As of June 29, all 100 major projects have started construction, with total investment of 83.9 billion yuan, creating a strong momentum across the city to advance projects and launch new ones, and fully leveraging the key supporting role of major projects in stabilizing investment, growth, and expectations. Overall, they have the following characteristics.

First, earnestly doing practical things for the people and solving difficult problems, concentrating efforts to advance the implementation of a batch of key projects, and striving to solve livelihood issues closely related to people's lives. A batch of exemplary education projects has started construction, including the Shijingshan Experimental Middle School construction project of Beijing National Day School and the Beijing Future City School construction project; a batch of medical and health service projects has started construction, including the Tongzhou campus of the Children's Hospital affiliated with Capital Institute of Pediatrics and the relocation of the Beijing Center for Disease Prevention and Control; and a batch of ecological service greening projects has started construction, including the Shahe Wetland Park in Changping District and the Phase I construction project of the Urban Sports and Leisure Park.

Second, focusing on the implementation of the 'Five Key Initiatives,' concentrating on key areas such as the international science and technology innovation center, the 'Two Zones,' and the construction of a global digital economy benchmark city, and promoting the launch and implementation of a batch of 'Beijing Intelligent Manufacturing' and 'Beijing Services' projects. Major projects for basic research and breakthroughs in key core technologies, such as Jiangfeng sputtering targets and key components and the AVIC Engineering Production Laboratory Building, have started construction; projects related to the 'Two Zones' such as the public bonded warehouse of the comprehensive bonded zone in the Daxing Airport Economic Zone and the permanent venue of Beijing Design Week have started construction; and projects in next-generation information technology and digital logistics, such as the 5G+8K product public service and production technology support platform and the SF Holding North China Smart Logistics Headquarters Base, have started construction.

Third, making two-way efforts in urban renewal and urban function improvement, implementing a batch of major infrastructure projects that are regional, functional, and catalytic, and promoting the optimization of urban quality and spatial layout. A batch of water conservancy projects has started construction, including the Phase I waterlogging point treatment project in the Huitian area and the Wuyi Canal ecological treatment project; a batch of urban renewal projects has started construction, including the renovation and upgrading along Fushi Road and the comprehensive environmental improvement of the Beijige area; and a batch of urban roads has started construction, including the Xihuan Road road reconstruction project and the Zhaoshan Avenue road project.

III. Deepening reform and innovation, and accelerating the release of social investment vitality

Deepening the pilot program for infrastructure REITs, Beijing accounts for 3 of the first batch of listed projects nationwide, ranking first in the country in both asset quality and quantity. Beijing's enterprise investment project commitment system reform has achieved another breakthrough: the SF Holding North China Smart Logistics Headquarters Base project in the Daxing International Airport Economic Zone obtained 'three certificates in two days and started construction upon land acquisition.' A notice on further optimizing the record-filing management of enterprise investment projects was issued, clarifying the management methods for enterprise record-filing, the record-filing authorities, and enterprise responsibilities. The first batch of local government special bonds for 2021 was successfully issued, involving 44 projects and about 34.4 billion yuan in funds.

IV. Next steps

Next, we will continue to deepen reform and innovation, optimize the business environment, and ensure factor guarantees, forming a synergy to seize the window period for project construction and maintain a strong momentum for accelerating the construction of key projects, and strive to promote steady growth of investment across the city.