LYCOS RETRIEVER 
Beijing
built 655 days ago
Beijing was ... known as Peking by the Western world before 1949. In the early nineteen twenties, Beijing became the cradle of China's new democratic revolution. The May Fourth Movement against imperialism and feudalism began in 1919. On October 1st, 1949, Chairman Mao announced to the world the founding of the People's Republic of China.
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Beijing is increasingly becoming known for its innovative entrepreneurs and high-growth start-ups. 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 resides in Chaoyang, Beijing. Though Shanghai is seen as the economic centre of China, this is typically based on the numerous large corporations based there, rather than as a centre for Chinese entrepreneurship.
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![Summer Palace [March 2006]](http://retrieverimages.lycos.com/images/b/e/i/beijing/i/088.jpg)
Keep in mind that central Beijing can be off limits at certain times, forcing cabs to reroute. And some roads forbid left turns (with big road signs) either at certain hours or all the time, so the driver might make a detour.
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According to the 2000 population census, in Beijing, there 10.716 million urban residents, accounting for 77.5 percent of the total population; and rural residents numbered 3.103 million, accounting for 22.5 percent. Compared with the 1990 population census, the proportion of urban residents rose by 4.1 percentage points.
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