In the first half of 2024, Beijing made significant strides in the development of major projects across the city. A total of 320 major projects, with a combined investment exceeding 400 billion yuan (US$55.08 billion), started construction as planned. 

Key projects such as the Intercity Rail Line, Renmin University's Tongzhou campus, Anzhen Hospital's Tongzhou branch, and the relocation of Beijing Stomatological Hospital saw major advancements.

In the first six months this year, investment in high-tech manufacturing surged by 53.5% year on year, largely driven by projects like the CATL Beijing's battery cell factory, the Changping robot industrial park, and the Xiaomi smartphone factory in Changping, etc. The growth rate was 43.4 percentage points higher than the national average investment in the sector.

In terms of infrastructure, the Intercity Rail Line, which is set to connect Beijing's two major airports, has reached significant milestones. The section linking Langfang East Station in Hebei province to Daxing International Airport completed the main structures in H1. 

Additionally, other critical infrastructure projects supporting the coordinated development of the Beijing-Tianjin-Hebei region saw substantial progress, including the construction of the new 108 Expressway and significant advancements in the Beijing-Tangshan Intercity Railway.

Efforts to restore and improve disaster resilience have shown notable results. Projects under the "One Year Basic Restoration" initiative were completed before the flood season, enhancing the flood control capacity of key rivers like Yongding and Dashi. Moreover, investments in the water sector grew by 2.5 times, setting a historic record, driven by post-disaster reconstruction and additional government bond projects.

In H1, investment in infrastructure grew by 30.5% year on year, raising the city's investment growth rate by 6 percentage points, according to an official of the municipal commission of reform and development.

Investments in public services grew by over 60% year on year. Investment in education saw a significant increase, with a 96.5% rise, marked by the early commencement of the new Yucai School campus and the construction of Tongzhou campuses of Tsinghua University and Renmin University of China.

The healthcare sector also saw substantial progress. The building of Tongzhou branch of Anzhen Hospital and the new Beijing Stomatological Hospital have been completed, and Shunyi branch of Beijing Friendship Hospital is now operational.

Additionally, over 36,000 affordable rental housing units were added, exceeding half of the annual target of 70,000 units. Nearly 60,000 units of various types of affordable housing were completed, fulfilling 75% of the annual goal of 80,000 units.

Overall, Beijing's fixed asset investment grew by 9.6% year on year in H1, outpacing the national average by 5.7 percentage points.

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