The Beijing (Pinggu) Pet Economy Industrial Park officially broke ground on Thursday, marking the start of construction for the capital's first comprehensive, full-chain pet industry hub. 

The Beijing (Pinggu) Pet Economy Industrial Park officially breaks ground in Beijing on March 20, 2025. [Photo provided to China.org.cn]

Just weeks after its inauguration on February 24, the project has already gained momentum, filling a major gap in China's integrated pet economy infrastructure.

The groundbreaking ceremony drew over 200 guests, including government officials, business representatives, experts, and media professionals.

At the ceremony, several strategic partnerships were announced. Pinggu signed an agreement with China Association for the Promotion of International Agricultural Cooperation (CAPIAC) to jointly promote the integration of the pet economy with leisure tourism, with plans to attract pet pharmaceutical projects, establish a China office for the Japan-China Pet Association, and build a "pet-friendly city."

Financial institutions are also backing the initiative. Industrial and Commercial Bank of China (ICBC) pledged 300 million yuan (US$41.39 million) in intended credit support for pet businesses, while Bank of Beijing launched a specialized loan program to support the entire pet economy chain. A dedicated industry development fund is also in the works to support the park's research, manufacturing, and tourism-related projects.

The Pinggu park aims to become a national benchmark for pet industry clusters, innovation, and human-pet coexistence. Six projects—including pet wellness products, fresh food R&D, pet convenience stores, and pet theme parks—have already been confirmed, with five now under construction. The total investment exceeds 150 million yuan.