Beijing looks to Comcast to aid China’s post-Covid economic recovery, while Shanghai officials meet Estée Lauder
- Yin Li, secretary of the Beijing municipal party committee, held a virtual meeting with Comcast Corporation CEO Brian Roberts on Thursday
- Major provinces including Hainan, Zhejiang, Jiangsu and Guangdong, have dispatched business delegations overseas to drum up Investment
China’s regional economic powerhouses such as Beijing and Shanghai are ramping up efforts to attract foreign investment by meeting with multinational companies to drive up consumption for post-Covid economic recovery.
“[Beijing] will unswervingly promote a higher level of opening up to the outside world and make greater efforts to attract and utilise foreign investment, which will provide more opportunities and broader space for foreign enterprises to develop in Beijing,” Yin Li, the newly appointed secretary of the Beijing municipal party committee, said in a virtual meeting with Brian Roberts, chairman and CEO of Comcast Corporation on Thursday.
Yin said the capital city is willing to deepen cooperation with Comcast Corporation to improve the operation of Beijing Universal Resort, and accelerate China’s “huge domestic tourism consumption potential”, according to the Beijing Daily.
He added that Beijing will make plans for more project development and construction with Comcast, including integration of Chinese elements, while focusing on 5G, artificial intelligence and other technology applications.
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Universal Studios in Beijing packed with tourists as theme park starts trial run
Universal Beijing, which has attractions including a replica of the castle from the Harry Potter films, as well as areas dedicated to the Transformers and Minions franchises, opened in September 2021 with an investment of 50 billion yuan (US$6.84 billion).