A solid economic basis is fundamental for hosting a successful Olympic Games. We will take the "Olympic economy" as the leverage to promote the economic development of the city which, in return, will help create a even better economic environment for holding a best-ever Olympic Games.
Developing new and high technology industries - Priorities will be given to the development of 5 industries including electronics and information, bioengineering and new medicine, optical, mechanical and electrical integration, new materials, and environmental protection and multi-purpose utilization of resources. New and high technology bases will be built for the development of software, microelectronics, electronics and telecommunications, computer and networking, and new materials. Efforts will be made to develop a series of high technology products with self-owned intellectual property rights and introduce technology and capital from domestic and foreign corporations and multinationals, so as to provide strong technological support for the Olympic Games. In the meantime, new and high technologies will be employed to reform the traditional enterprises and upgrade their production levels. Up to 2008, the added value of the high and new technology industry will account for 40% of the city's industrial output value.
Developing the tertiary industry - the tertiary industry constitutes the mainstay of the Beijing's economy and will play a direct and important role with regard to the services for the Olympic Games. The development of information and consultant services, agent services, tourism, convention and exhibition industry, science and technology education, culture and sports will be highlighted. Other elements of the service sector, including financing, commodity circulation, real estate services, transportation, post and telecommunications, will also be fostered so as to further improve the city's overall service capacity. Up to 2008, the added value of the tertiary industry will account for 65% of the city's GDP.
Optimizing the industry structure - one of the important steps in optimizing the industry structure is to relocate some factories out of the urban area. By 2008, all the factories that cause pollution shall either be moved out of the Fourth Ring Road or shut down. What remains will be the clean, high technology industries, industrial enterprises fit for the urban life and the headquarters, R&D and sales centres of major enterprises and industry groups. Within the Fourth Ring Road, only knowledge-intensive services and other service industries, including financing, commodity circulation, post and telecommunications, culture and sports, will be encouraged.
Developing key functional districts - the construction of the Zhongguancun Science and Technology Zone and Beijing Central Business District will be accelerated. Together with the Olympic Green, they will form three key functional districts in the city of Beijing. In the meantime, other major business and commercial centers, including the Finance Street, Wangfujing Street, Xidan Street, and the Qianmen-Dashilan-Liulichang area will also be developed, in addition to such functional areas as trading ports and commodity circulation bases. This will considerably raise the service capacity of the city and contribute to the success of the Olympic Games.