2020年CRI Wider opening up brings more opportunities for Beijing Enterprises

Wider opening up brings more opportunities for Beijing Enterprises

Beijing's service industry is leading the country in optimizing² its business environment.

To open up its service industry, Beijing has eased market entry in areas of international communication, culture, renovation³ and finance.

"Beijing has canceled the share holding limit of foreign investment in projects of aircraft maintenance. In further opening up, we will relax threshold of wholly foreign owned companies locating in Beijing. We plan to relaxing more in information service, health and social work areas," said Liu Meiying from Beijing Commerce Bureau.

Being the first foreign controlled aircraft maintenance company in Beijing, Beijing LMI is a joint⁴ company of Beijing General Aviation, a maintenance company under Beijing Automotive Group, and Air France-KLM Maintenance Engineering Company.

The Chinese company holds a 40 percent stake in the joint venture and the French company holds the remaining 60 percent.

Previously⁵, the Chinese company would have had to have been the majority shareholder⁶ in any such JV.

Beijing LMI General Manager Wu Yutong says the cooperation between the two sides made little progress because of the former regulations, but that changed well after teh capital eased the old restrictions⁷.

"Thanks to Beijing's further opening up in the service industry, the two sides reached agreement quickly and joint contract were signed in 2015," Wu said.

For foreign enterprises entering Beijing, Liu says the government is making administrative⁸ procedures simpler and quicker.

"We will speed up the whole process from registry, change and write off," Liu said.

Beijing has built up R&D centers of multinational⁹ enterprises like Apple, Nestle and Alibaba. International rating agencies Moody¹⁰, S&P and Fitch have also set new legal entities¹¹ in Beijing.

Many companies have also benefited from the opening up. ABB China is one of them.

"Thanks to Beijing's opening up policies, we have experienced Beijing government excellent service awareness,” said Lars Eckerlein, Vice¹ President of the company, “therefore, we've enjoyed very good business and investment environment in the past years. Thanks to Beijing's wider opening up polices, we enjoyed eased government approval procedures such as simplified filing procedures as well as successful relocation of our tax registration¹² for several entities just in a few."

Meanwhile, to attract foreign talents to work in Beijing, the city also offers more relaxed policies on exit and entry. Over 2,100 foreign nationals have received permanent residence since 2015, surpassing the number in the previous ten years.

The opening up of Beijing's service industry also brings key opportunities for its high quality development. The service industry now contributes over 80% of the city's GDP, the highest ratio in the country.

1 vice   

n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的

参考例句：

• He guarded himself against vice.他避免染上坏习惯。
• They are sunk in the depth of vice.他们堕入了罪恶的深渊。

2 optimizing   

v.使最优化，使尽可能有效( optimize的现在分词 )；最佳化；寻优

参考例句：

• This model may be classified as either an optimizing model or simulation model. 这个模型可分为最佳化模型或模拟模型。 来自辞典例句
• Need to design crossover operator rationally while optimizing ANN. 优化网络需要合理设计交叉算子。 来自互联网

3 renovation   

n.革新，整修

参考例句：

• The cinema will reopen next week after the renovation.电影院修缮后，将于下星期开业。
• The building has undergone major renovation.这座大楼已进行大整修。

4 joint   

adj.联合的，共同的；n.关节，接合处；v.连接，贴合

参考例句：

• I had a bad fall,which put my shoulder out of joint.我重重地摔了一跤，肩膀脫臼了。
• We wrote a letter in joint names.我们联名写了封信。

5 previously   

adv.以前，先前（地）

参考例句：

• The bicycle tyre blew out at a previously damaged point.自行车胎在以前损坏过的地方又爆开了。
• Let me digress for a moment and explain what had happened previously.让我岔开一会儿，解释原先发生了什么。

6 shareholder   

n.股东，股票持有人

参考例句：

• The account department have prepare a financial statement for the shareholder.财务部为股东准备了一份财务报表。
• A shareholder may transfer his shares in accordance with the law.股东持有的股份可以依法转让。

7 restrictions   

约束( restriction的名词复数 )； 管制； 制约因素； 带限制性的条件（或规则）

参考例句：

• I found the restrictions irksome. 我对那些限制感到很烦。
• a snaggle of restrictions 杂乱无章的种种限制

8 administrative   

adj.行政的，管理的

参考例句：

• The administrative burden must be lifted from local government.必须解除地方政府的行政负担。
• He regarded all these administrative details as beneath his notice.他认为行政管理上的这些琐事都不值一顾。

9 multinational   

adj.多国的，多种国籍的；n.多国籍公司，跨国公司

参考例句：

• The firm was taken over by a multinational consulting firm.这家公司被一个跨国咨询公司收购。
• He analyzed the relationship between multinational corporations and under-developed countries.他分析了跨国公司和不发达国家之间的关系。

10 moody   

adj.心情不稳的，易怒的，喜怒无常的

参考例句：

• He relapsed into a moody silence.他又重新陷于忧郁的沉默中。
• I'd never marry that girl.She's so moody.我决不会和那女孩结婚的。她太易怒了。

11 entities   

实体对像； 实体，独立存在体，实际存在物( entity的名词复数 )

参考例句：

• Our newspaper and our printing business form separate corporate entities. 我们的报纸和印刷业形成相对独立的企业实体。
• The North American continent is made up of three great structural entities. 北美大陆是由三个构造单元组成的。

12 registration   

n.登记，注册，挂号

参考例句：

• Marriage without registration is not recognized by law.法律不承认未登记的婚姻。
• What's your registration number?你挂的是几号？