The abundant business resources in Xicheng give the district opportunities to be the leading force in Beijing s construction of world s city.
Recently, district committee of commerce held the seminar of Prosperous, Renowed, Leading , and invited experts and entrepreneurs from Renmin University of China, Beijing City Research Institute and Parkson company to analyse the advantages and role of Xicheng district in Beijing s world s city construction process.
In recent years, 439 more large-scale business service enterprises were set up within Xicheng district, accounting for 37% of the city s newly increased business service enterprises. World renowed enterprises such as Yokado, Lane Crawford and Parkson have settled in the district and are operating smoothly.
The 25 restaurants of long standing, 3 famous drug stores and the 7 distinctive streets are witnesses to the prosperity of district business, as well as carriers of the flourishing culture of Beijing. In the year of 2008, those restaurants with a long history in Xicheng district entered into the Olympic Village and many other major places of reception, and showed visitors from across the world the charm of Chinese food. The Yandai byway, Shichahai bar street and Xinjiekou instrument street have also become important medium for foreign visitors to know more about Beijing and the culture of it.
Currently, Xicheng district possesses 3,260,000 square meters of business land, accounting for 13% of the whole city s. The retail sales volumn has surmounted 30 billion yuan, accounting for 6% of that of Beijing city and 29% of that of the core function area.
