Olympics Preparations to Stimulate Beijing's Economy: Mayor

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Last updated at: (Beijing Time) Wednesday, January 15, 2003

Olympics Preparations to Stimulate Beijing's Economy: Mayor

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The Chinese capital of Beijing will take measures to improve its economic environment as it prepares for the 2008 Olympic Games, which should serve to stimulate investment and consumption, Mayor Liu Qi said Monday in Beijing.

Addressing his city's preparations for the games at the 12th local People's Congress at the 12th local People's Congress, Liu said Beijing would combine Olympic-related construction with urban development.

Since investment is the driving force of economy in Beijing, the construction of transportation systems and sports facilities will boost local economy.

The municipal government will also take measures to enable and encourage state-owned enterprises to attract more foreign and private investment.

A fair environment should be established to promote private economy, which can have access to all commercial fields opened to foreign investment, said Liu.

Meanwhile, the municipal government will improve its efficiency and service level to create a favorable environment for fostering talents, whether officers, managers or professionals.

In addition, the local government will smooth its export and import policies to increase the proportion of high-tech commodities, added Liu.

According to Mayor Liu, all these measures will facilitate building up the image of a modern international metropolis, which is crucial to a successful 2008 Olympic Games.

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