Beijing released the "Beijing High-level Open Economic Development Plan during the 15th Five-Year Plan" and strives to significantly improve its ability to participate in the governance of international economic and trade rules by 2035.

China News Service, Beijing, August 31 (Reporter Lu Shaowei) According to the "Beijing High-level Open Economic Development Plan during the 15th Five-Year Plan" (hereinafter referred to as the Development Plan) released on August 31, Beijing strives to be at the forefront of serving the country's new opening-up pattern, its ability to participate in the governance of international economic and trade rules has been greatly improved, and the new advantages of a higher-level open economy have been further enhanced.

The development plan states that Beijing will deepen the reform of foreign investment promotion systems and mechanisms to ensure national treatment for foreign-invested enterprises in terms of factor acquisition, qualification licensing, standard setting, and government procurement. Implement "access and operation", improve the service mechanism for key foreign investment projects, strengthen full-process services such as project negotiation, contract signing, registration, and operation, and accelerate the creation of an important global investment destination.

The development plan mentions that Beijing will expand diversified sources of investment and guide foreign investment to optimize industrial layout. Encourage and guide foreign-invested enterprises to reinvest within the country. Promote foreign-invested enterprises to speed up localized production and participate in upstream and downstream supporting collaboration in the industrial chain. Support multinational companies in setting up regional headquarters in Beijing. Support foreign-invested enterprises in establishing investment companies, R&D centers, etc.

According to the development plan, Beijing will focus on advantageous industries such as integrated circuits, biomedicine, aerospace, and high-end equipment to consolidate its traditional foreign trade market. Focus on green energy and other fields and steadily expand the scale of foreign trade in emerging markets. Expand new growth points such as trade in intermediate goods. Develop new offshore international trade business. Promote the new model of "cross-border e-commerce + cross-customs zone guaranteed exhibition + experiential consumption" and explore new scenarios such as "bonded warehouse + live broadcast" and "experience store + live broadcast". (over)