The Beijing Municipal Administrative Center, or Beijing's sub-center, has earmarked a total of 426 projects with a total of about 100 billion yuan (US$15.81 billion) of fixed-asset investment this year, the management committee of the sub-center announced on February 22.

According to the committee, fixed-asset investment in special major programs such as developing high-tech industries, building a national green development demonstration zone, and promoting coordinated development of the Beijing-Tianjin-Hebei region has increased by 23% from last year. By the end of the first quarter, about 18 billion yuan's worth of fixed-asset investment will be in place, up 1.6% year-on-year. Non-governmental investment makes up 70% of the total volume, which will further vitalize the market. 

In 2022, the implementation of a batch of major programs will be expedited. Infrastructure projects such as the construction of subway Line M101 and the southward extension of Line 6 will be accelerated. Building of the Beijing First Experimental School will be completed, and the construction of Renmin University's campus in the sub-center will be further boosted. 

The committee also pledged the introduction of more quality resources to promote industrial development in the sub-center, make full use of the spillover effect of the Universal Beijing Resort, and smoothly advance the construction of convenient government service facilities. 

The fixed-asset investment in the sub-center totaled 100.06 billion yuan last year.

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