The city will also build 10 demonstration business street

breed 100 chain enterprises, and create 1,000 service outlets for residents this year, according to the project list.

Moreover, construction of the Beijing Daxing International Airport, subway lines 3, 12 a

nd 16 and interurban railways connecting Beijing and the Xiong’an New Area are also underway.

The ongoing national laboratory of cyberspace, Beijing Institute of Quantum Information Science, Science City in No

rtheast Beijing’s Huairou district will pull the city into the fast lane in science and technology.

“Investment contributes around 30 percent to the city’s eco

nomic development,” the director said, adding social capital, or capital raised by society rat

her than the government, has taken up over 90 percent of last year’s 334.6 billion construction investment.

“Social capital is welcomed at key projects investment t

his year as well, aimed at taking up at least 50 percent of projects and 70 percent of investment,” Tan said.

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