In the first quarter of this year, Beijing has completed the fixed asset investment of RMB 118.62 billion, a year-on-year decline of 9.7%. Among them, infrastructure investment was RMB 39.7 billion, an increase of 2.2%; real estate development investment was RMB 53.14 billion, a decrease of 14.3%. The second industry investment was RMB 7.4 billion, a decrease of 49.4%; the tertiary industry investment was RMB 109.18 billion, a decrease of 5%. Quarterly industrial investment being withdrawn is extremely rare. This means that under the general environment of easing, the industry is withdrawing from Beijing on a large scale, and its impact on Beijing's economy deserves high attention.