Beijing’s key zones for a business-friendly environment

Beijing’s key zones for a business-friendly environment

Beijing's relaxed foreign investment rules and tax incentives are expected to boost domestic and foreign trade. In 2013, they began the construction of two zones that aimed to open up the service sector to boost overall economic growth. Beijing has been a pioneering city in developing a national integrated demonstration zone for greater openness in the service sector, which has led to an increase in the contribution of the service sector to the total GVA in Beijing from 77% in 2013 to 82% in 2022.

The decision to lift the zero-COVID policy and reopen the international border in January 2023 facilitated the entry of foreign tourists, which will promote growth in all related sectors, including aviation, hotel, restaurant, transport, and retail trade. The Chinese government is allowing more private investment in various industries, and the number of industries with restrictions on spatial administrative measures has come down from 151 in 2018 to 117 in 2022, primarily influencing the financial sector.

Beijing has relaxed foreign investment rules, tax incentives, and talent support under the two zones to attract domestic and global investors. Tax insurance incentives have been added to facilitate overseas talents, and tax exemption on technology transfer has also been increased. Beijing encourages foreign scientists to lead in government-supported science and technology projects, and foreigners are also allowed to start and obtain shares in domestic-funded companies using their permanent residence ID cards. The city is expected to experience economic growth in the coming years due to high-value industries in science and technology, information services, finance, education, and professional services, with substantial research and development expenditure bonded by the local government and favourable business policies aligned with the national agenda.

To know more, watch the full interview.

Follow the link for more news on

Join Asian Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Chinese insurers deem it wise to move to alternative investments
Analysts see new regulations driving a conservative shift as insurers seek stability amidst volatile markets.
Dharmais Cancer Hospital leads cancer treatment innovation in Indonesia
CEO Soeko Werdi Nindito Daroekoesoemo unveils advanced technology and seven flagship programmes for cancer treatment.
Is ‘Londonisation’ good for Asia’s M&A insurance market?
Industry experts dissect the region’s low usage rates for M&A insurance despite more industry players entering the field.
Blurring lines between online and offline retail in Asia Pacific
Foodpanda executive explains consistent service levels through efficient logistics and quality control measures.