Since China opened its door to the outside world in 1979, Beijing has made remarkable results in attracting foreign business to invest in joint ventures. According to the pie chart, the investors in different enterprises come from 26 countries and regions. Hong Kong investment ranks first, accounting for 44 per cent of the total. Japan’s investment makes up 19.2 per cent, putting it in second spot. Third is the United States at 16 per cent. It is generally believed that Beijing benefits a lot from the outside investment. In the first place, a large number of joint ventures have been set up, which contributes greatly to the development of Capital Economy. Secondly, the foreign-invested enterprises offer a lot of jobs to the residents in Beijing. This in turn relieves the problem of laid-off workers in the city. Finally, the high-tech enterprises in the capital will grow rapidly as Beijing enjoys the same preferential policies as coastal cities open to the outside world.As far as the measures to attract outside investment are concerned, I think they are as follows. On the one hand, we should make special efforts to improve the investment environment. On the other hand, we should take advantage of this opportunity to run the present foreign-invested enterprises efficiently.
