Beijing Olympics 2008

With a workforce of 135,000 and a tax revenue of 4.51 billion yuan in the first ten months of 2007, the central business district (CBD) in Beijing’s Chaoyang District has gained momentum, an official said.
Through October 2007, 4,799 enterprises settled in the 3.99 sq km CBD — 521 more businesses than the same period the previous year. This adds up to more than one enterprise per day, Sang Xiaowei, vice director of Beijing CBD Administrative Commission told journalists attending a press conference at the Beijing Olympic Media Center on Wednesday.
Among them, 60.33 percent or 2,895 enterprises are service industry-oriented, including 151 financial institutions and 1,460 cultural creative enterprises. In the first ten months of 2007, foreign investment amounted to 319 million U.S. dollars.
Tax revenue from businesses in the CBD amounted to 4.15 billion yuan in the first ten months of 2007, a growth of 28.73 percent or 1.01 billion yuan over the same period in 2006. As the dominant tax revenue contributor, the service industry’s share was 84.9 percent, or 3.83 billion yuan.
Sang promised to improve transport and other infrastructure facilities and upgrade services for customers in an effort to boost development in the CBD.

from: beijing2008.cn