The Beijing Pilot Free Trade Zone (FTZ) will consist of three sections, including areas dedicated to technology innovation, international business services, and high-end industry, according to a press conference held by the Information Office of Beijing Municipal People’s Government on Thursday.
The technology innovation section, which spans 31.85 square kilometers, will include part of the Zhongguancun Science City and the surrounding areas of the Life Science Park. This section will focus on the development of next-generation information technologies, bioscience, and technology services, according to the Beijing Municipal Commerce Bureau.
Meanwhile, the international business service section will cover 48.34 square kilometers, including areas surrounding the Beijing Capital International Airport, the central business district (CBD), the Jinzhan International Cooperation Service Area, the business district of Beijing’s sub-center, and nearby areas of the Zhangjiawan Design Town. Its focus will be on digital trade, cultural trade, exhibitions, healthcare, international logistics, and cross-border finance.
Finally, the 39.49-square-kilometer high-end industry section covers areas lying west to the Beijing Daxing International Airport as well as part of the Beijing Economic Technological Development Area. This section will prioritize industries like international finance, cultural and creativity industries, biotechnology, and wellness and health industries.
According to the Beijing pilot FTZ master plan, the zone’s construction aims to build the city into a global influential innovation center as well as create a leading area primed for the expansion of the service sector and a pilot zone for the digital economy.
Covering a total area of 119.68 square kilometers, the zone will feature over 110 preferential policies for opening up and innovation, and 30 of them are newly initiated in China.
As such, the Beijing pilot FTZ will build a high-level opening-up platform for the coordinated development of the Beijing-Tianjin-Hebei region.