Beijing is the world's 3rd most populous city and is the capital of the People's Republic of China. Beijing has its own "Silicon Valley" in Zhongguancun, where it is the center of innovation and technology startups. Beijing's economy is dominated by retail, scientific research, real estate, and information technology. In the area, there is a Beijing Economic and Technological Development park, Yizhuang, where there are many pharmaceutical, information technology, and materials engineering companies headquartered.
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