Since the launch of the Two Zones, Beijing has expanded the innovative development of service trade and further unleashed the vitality inherent in digital trade. The city has witnessed an acceleration in its development by completing over 90 percent of the tasks set for three to five years within just one year.

High-level opening-up has enhanced the economic resilience of Beijing and injected new momentum to its high quality development. Data shows that Beijing's service trade has rebounded this year, with an import and export volume of USD 60.87 billion in the first half of the year and a year-on-year increase of 3.1 percent, including USD 29.04 billion for exports, a 15.7% increase year-on-year. From January to October this year, 1,537 new foreign-funded enterprises were established in the city, an increase of 60.6 percent year-on-year. Actual utilization of foreign investment was USD 14.52 billion, up 10.1 percent year-on-year and 7.9 percent compared to the same period in 2019. China (Beijing) Pilot Free Trade Zone contributed nearly 30 percent of the incremental foreign-funded enterprises with merely 7 per mille of the total area of Beijing.