Photo shows a view of 2022 World Intelligent Connected Vehicles Conference in Beijing’s Shunyi district.(PHOTO: XINHUA)

By CHEN Chunyou & HUA Ling

Beijing is seen as an ideal destination for overseas enterprises to expand business in China, thanks to the city's concentrated settlement of foreign enterprises' headquarters,  R&D centers, opening-up policies and good business environments.

In Beijing's Shunyi district lies the China-Germany Industrial Park, which is a national-level cooperation project between the two countries. It opened in December 2021, next to Beijing Capital International Airport and other exhibition centers.

The industrial park covers industries like new energy intelligent vehicles, intelligent equipment, sci-tech consulting services, business exhibition and the digital economy.

To date, it is home to 90 German-invested enterprises, such as Bosch, Mercedes-Benz, and BMW, with an annual industrial output value of more than 35 billion RMB.

Although in its infancy, the industrial park is actively growing to better serve enterprises. Now, it has four overseas offices in Berlin, Frankfurt, Munich and Cologne, which help to connect with German innovation resources.

In December 2022, a market development team was sent to Germany and established ties with more than 20 companies, most of which planned to set up branches at the industrial park.

In late February this year, the delegates took a second business trip to Germany, to further explore business opportunities, and bolster high-quality economic development. Their itinerary covered four major cities, including Frankfurt, Duisburg, Bonn, and Cologne. An agreement was signed with the leading global technology transfer center, Steinbeis Intelligent Manufacturing Transfer Center, on co-establishing an offshore innovation incubator.

In 2023, the park will focus on its competitive industries to attract investment, while making more efforts in management, industrial development, and infrastructure construction, making itself an international platform for industrial and technological cooperation, said Dong Hao, a member of CPC Leading Group of Shunyi Bureau of Economy and Information Technology.

According to German Federal Statistical Office, China remained the country's most important trading partner in 2021 for the sixth consecutive year. This exemplifies China's good innovation and entrepreneurship environment.

In order to provide targeted service for currently registered and future inbound enterprises, in-depth research on development paths of the industries, such as new energy intelligent vehicles, intelligent equipment, and advanced manufacturing will be carried out, so as to roll out measures that cater to the development needs of enterprises, said Dong.