This is a souvenir acrylic fridge magnet ofBeijing, China. Beijing is the capital of the People's Republic of China and one of the most populated cities in the world. The population as of 2012 was 20,693,000. Located in northern China it is home to the headquarters of most of China's largest state-owned companies, and is a major hub for the national highway, expressway, railway, and high-speed rail networks. The Beijing Capital International Airport is the second busiest in the world by passenger traffic. The city is renowned for its opulent palaces, temples, gardens, tombs, walls and gates, and its art treasures and universities have made it a center of culture and art in China. Since the early 1980s, the urban area of Beijing has expanded greatly with the completion of the 2nd Ring Road in 1981 and the subsequent addition of the 3rd, 4th, 5th and 6th Ring Roads. According to one 2005 newspaper report, the size of newly-developed Beijing was one-and-a-half times larger than before.
Growth In Beijing
In recent years, the expansion of Beijing has also brought to the forefront some problems of urbanization, such as heavy traffic, poor air quality, the loss of historic neighborhoods, and a significant influx of migrants from less-developed areas of the country. Beijing has been the location of many significant events in recent Chinese history, principally the Tiananmen Square protests of 1989 and the 2008 Summer Olympics. This city was awarded to host the 2015 World Championships in Athletics. Beijing is increasingly becoming known for its innovative entrepreneurs and high-growth startup companies. This culture is backed by a large community of both Chinese and foreign venture capital firms, such as Sequoia Capital, whose head office in China is in Chaoyang, Beijing. Though Shanghai is seen as the economic center of China, this is typically based on the numerous large corporations based there, rather than for being a center for entrepreneurship.