The first half of the year saw 442 development areas called off, a reduction of 94 percent with 607 construction projects cut down or put back, dealing with an investment of RMB 164 billion-yuan. However, the investment in hi-tech and modern-manufacturing industries witnessed an increase of almost two times.

According to the news of Aug.5 from Beijing, by seizing the macro-control opportunity Beijing municipality has focused its attention on the faster and better development of its economy, insisted in a policy of treating differentially for guaranteeing the quality and vacating the space. And therefore, it has brought about positive results. The first half of the year saw Beijing called off 442 development areas with the number restricted to 28, a reduction of 94 percent; a planned reduction space of 53.74 percent with 14,626 hectares of land vacated, of which 11,735 were returned to farming. The clearance of the investment in fixed assets has barely been finished with 607 projects cut off or put back for construction, dealing with an investment of RMB 164 billion-yuan.

Though in the industry structure, the industrial sectors Beijing has to cut down are not numerous yet they sorted out three obvious contradictions in the social-economic development. That is, first of all, a serious occurrence of tension in transportation of coal, electricity and oil with the coal reserve in 5 major power plants to stay below the alarm line. Secondly, a severe situation of water resources and thirdly, unreasonable structure in investment in which the investment in realty went as high as 56 percent yet that for transformation and renewal came only to 7.5 percent. To put things in a more realistic way Beijing has decided to lay the emphasis of macro-control on the readjustment of the development areas and the land market as well as the clearance of fixed assets.

In the realization of the macro-control policy Beijing Municipality paid a ceaseless attention to deepening the understanding of a scientific development, conducting actively the investment of the whole society to shift from the city center to suburban areas and from the real estate to hi-tech and modern manufacturing industries. In the first half of the year the two pivotal industries witnessed an increase of almost two times. Beijing Economic and Development Area has been reputed as a platform for showing off the opening up of the capital city to the outside world. In the process of readjustment of the development areas Beijing has strengthened its policy support, worked out the lowest-limit on the density of construction in the industry development area. And in the meantime a higher requirement has been put forward to raise the proportion of land input and the benefit yield. Up to the moment the project with an investment exceeding RMB 50 million-yuan has come to 61 in total, a year-on-year increase of 85 percent. With regard to the let-out land for industrial use, the investment density is up to USD 11.9 million per square hectare, harvesting a taxation of RMB 9.74 million-yuan, indicating that all projects have come up to the standard as required.

It is an important work for Beijing to get prepared for the Olympic Games 2008. We must not consider only to put up "things extremely good" as Beijing advocated but to follow a principle for something plain and not for pomposity so as to uniform the safety, working period, function and quality and cost into an integrated whole. With the efforts in all walks of life putting together Beijing has made a thorough investigation of all sports halls and facilities, stressing that no new hall should be put up if the original one can still be used. And it has used all savings on the construction of environment and infrastructure by making an overall optimization of the designs and blueprints for the construction of new halls.

At present, the economy in Beijing has presented a continuous, quick and favorable development and in a harmonious way as well. The increase of investment was reduced in the first half of the year. The growth ratio of investment in the whole city in June decreased 5.5 percent as compared to that in the previous 5 months. It has seen a decrease in the input of the newly added loans, and by the end of June, it showed a decrease rate 35.1 percent as against the same period of last year. The modern service and manufacturing industries have offered a greater support to the economic growth, of which the added value of hi-tech industry reached RMB 16.98 billion-yuan, an increase of 19.1 percent. We've also seen a continuos rise in economic benefit with its financial revenue to reach RMB 37.85 billion-yuan, an increase of 25.3 percent. In the meanwhile the life of the inhabitants witnessed a continuous improvement with the disposable income of the townspeople to increase by 11.3 percent and the cash income of farmers to grow by 11.4 percent.

By People's Daily Online