32 beijingspecial Wednesday, S eptember 14, 2011 CHI n a d a IL Y takes presidency of global business alliance

By Wang sujuan

The Beijing CBD is now holding the presidency of the World CBD Alliance — its first time — and will be hosting the Alliance’s annual meeting from Sept 15 to 19. The Alliance was established on Nov 28, 2008 in Paris, France with the goal of pursuing sustainable development in CBDs around the world and increasing exchanges and cooperation for common develop- ment. 16 Photos provided to China daily members Beijing’s CBD is a showcase of development and one of the city’s most influential business centers. currently in the Alliance

It now has 16 members and its World CBD festival lights up Beijing business is handled through a rotat- ing presidency that lasts two years. By Wang sujuan es between cities, business districts, trict, under the 11th Five-Year Plan China will have it to 2012. governments, and industries. (2006-2010) and to explain the goals A Beijing CBD Administrative The spotlight will be focused on It is also a showcase of the capital’s of the 12th Five-Year Plan. Committee was set up in 2010 at the Beijing again this autumn, for the development and one of the capital’s The World CBD Alliance will Beijing CBD Business Festival, to 2011 Beijing CBD International most influential business activities. meet the afternoon of Sept 15, at the prepare for its stint as president. Business Festival, from Sept 15 to Especially against the backdrop of Chaoyang Planning Museum and Beijing’s CBD has done everything 19 at the China World Trade Cen- China’s rise among the global eco- will be followed by the opening of it can to handle its new responsibility ter’s Tower III. nomic system, the event is expected Beijing CBD Business Festival. skillfully and has had some success in A companion event of equal to play a greater role in connecting Participants can discuss the CBD’s recruiting new members. importance will be the Annual China with other economies and role in global and national economic The administrative commit- Meeting of World CBD Alliance. promoting CBD’s development. recovery, the development of other tee have reached out to a number Participants at these two events This year’s theme is “Scientific cities, the future of CBD and growth of other CBDs and enterprises that will include the representatives of development, elements congrega- patterns, financial innovations dur- are interested in joining the alliance, international organizations, foreign tion, low-carbon demonstration and ing the 12th Five-Year Plan, and including Amsterdam’s, in the Neth- ambassadors to China, CEOs of innovation”. e-commerce and the future of CBD. erlands, Korea’s Incheon Songdo multinationals, and urban planning In addition to the exhibitions and In this regard, there will be an International Business District, the and management experts. business activities, there will be a e-commerce seminar – a festival Hongkong Land Co, and the United The two events have 11 sponsors, culture industry summit, a round- first – with the participation of busi- Arab Emirates’ International Invest- which include the World CBD Alli- table for commercial counselors of ness leaders from the Internet sector, International Business Festival will be held in the CBD area, Sept 15 to 19. ment Group. ance, Beijing CBD Alliance, and various embassies, and an interna- with proposals for n action plan. During the 2011 Beijing CBD Chaoyang district government. tional culture and design fair. The Business Festival comes with International Business Festival, these The CBD festival has been held for The two events will offer a chance a foundation-stone-laying cer- It will be more than 500 meters mark, one that people can admire as CBDs and enterprises will be able 11 consecutive years, since 2000 and to display the successes of the CBD emony for a new , the high and will be one of Beijing’s tall- an example of Beijing’s architecture to apply for membership formally. has become a major site of exchang- area, in Beijing’s Chaoyang dis- “Zhongguo Zun”, or China Goblet. est buildings and an obvious land- and economic development. Observers expect that, after the festi- val, the World CBD Alliance will see even further expansion. Since taking the presidency of World CBD Alliance, Beijing CBD Financing and internationalizing the city has always developed the Alliance as a platform for exchange and coop- eration, exploring new thought for By Wang sujuan area is home to 50 regional head- New goals its development and increasing its quarters of multinationals, 160 For- Beijing CBD’s overall develop- promotion. Under the 11th Five-Year Plan tune 500 companies, more than 100 ment plan for the 2011-2015 period At the same time, Beijing CBD (2006-2010) Beijing’s CBD, in the international organizations, around is to become a world-class business has organized international confer- Chaoyang district, has developed 170 international media office, and center with industry advantages, ences and seminars, added website a business-oriented, international more than 250 foreign-funded improved services, a harmonious content and expanded the Alliance finance industry in the midst of financial agencies. environment, efficient development, expert team. media-related businesses. Its three major finance centers — and its own brands. Another business festival high The CBD, which takes up 17.8 the World Trade Center, China Trade Its GDP growth has been set at 9 point will be the release of the 2011 percent of the Chaoyang district Center, and World Financial Centre percent annually and an increase in The area holds 50 regional headquarters for multinationals. World CBD development report, area, had a 29-percent increase in — took shape during that period. revenues of 9.5 percent. By the end which is a systematic analysis of taxes annually, on average and con- Other landmarks from the period of 2015, its GDP is expected to reach The core area is expected to tions, three multinationals, and 20 global CBD development. tributed more than half of district include the CCTV headquarters and 210 billion , and revenues of 18 become a new calling card for Bei- real estate agencies are interested. It combines a creative evalua- GDP, retail sales, and jobs. Tower billion yuan ($2.8 billion). jing, as a global canter and an engine The CBD’s companies are expect- tion system with case studies and The CBD area used $1.96 billion III. Key projects included Beijing To reach this goal, it really needs of growth in the capital city. ed to bring in an aggregate of 50 bil- is expected to give the CBD group foreign capital in 2010, accounting , Beijing TV building, to promote construction work, There are already around 41 com- lion yuan in annual taxes and, when more attention and contribute to for 32 percent of the city’s total, and Beijing Yintai Center, and Central starting with the eastward expan- panies bidding on development upstream and downstream enter- its leadership in urbanization and witnessed 34.99 billion investment International Trade Center. sion, and to increase the competi- projects in Beijing, including the prises are added, a steady increase future, development trends. in fixed assets, about 6.4 percent of The area’s buildings contain 8 tiveness of its modern industry, and CBD, two of which are the China in tax revenues. This report is part of the World the city’s total. million square meters of space and improve urban life, management, Investment Co Ltd and China’s Beijing’s CBD is the most interna- CBD Alliance’s pioneering work With pillar industries of interna- it holds more than half of the city’s and public services. CITIC Group, both of them large tionalized part of the city will even- and is one way to fill in some of tional finance, high-end business, Grade-A office buildings and star It also needs to speed up improve- State-owned enterprises. tually represent the convergence of the gaps in the systematic study and culture and media, the central hotels. ments to its traffic network. In addition, 16 financial institu- all global economic dynamics. of CBDs. Chaoyang’s projects are ambitious, but it’s determined and hopeful

By Wang sujuan eye on international development as The axes refer to Olympic cul- an international business hub, while ture and sports development, District officials in Chaoyang, the improving the standard of living science and technology, fashion, center of Beijing’s CBD, say they will and increasing the urbanization of finances, the media, commerce, an use their international connections rural areas. economic corridor around Bohai to serve as the capital’s financial and And, its “Double-10” projects will Bay, and cooperation with Hebei business hub even better under the be stepping stones for this. and Tianjin. 12th Five-Yea Plan (2011-2015). It has 10 projects in 10 indus- The zones are the core business And they are setting new eco- trial zones as follows; the CBD area inside the , the nomic development goals for the core; an eastward CBD expansion metropolis, the business zone inside next five years, based on past expe- area; the Olympic Park area; an the 4th Ring Road, and a metro rience. eastward expansion area for elec- functions zone. They have reported that under the tronics; a Bohai-Bay headquarters; The district plans to improve its 11th Five-Year Plan (2006-2010), a green entertainment zone along industrial system, giving priority the district saw its GDP, revenues, the Wenyu River; the CBD-Dingfu to services, culture and creativity, imports and exports, and consumer Village international media area; finance, and new technology. spending all double. Jingzhan financial services zone; the It also wants to get more involved Now, in looking forward to the greater Wangjing sci-tech business in the IT business, new energy, and next five years, they plan to adjust innovation zone; and the Dongba new bio-medicines. their economic development model international trade center. Its traditional commercial further and consolidate internation- Ten later projects relate to services, real estate, and mod- al finance, trade, and communica- education, health care, culture, ern agriculture also need to be tions. transport and commuting, habi- improved. Beijing’s municipal govern- tat cultivation, intelligent city These goals hover around the ment has come up with a strat- services, employment services, “Double-10” projects, but have a egy for better and faster social social security, and community practical use and clear definition. and economic development, the services. They also have a bright future, “High-tech Beijing, Green Bei- Chaoyang district will also be the district leaders say, in taking jing” plan. using a “Five axes, three zones” social and economic development Because of this, Chaoyang has its development strategy. to a better level. The intended financial and business hub of the capital.