Chaoyang is home to the majority of Beijing's many foreign embassies, the well-known Sanlitun bar street, as well as Beijing's growing central business district. The Olympic Green, built for the 2008 Summer Olympics, is also in Chaoyang. Chaoyang extends west to Chaoyangmen on the eastern 2nd Ring Road, and nearly as far east as the Ximazhuang toll station on the Jingtong Expressway. Within the urban area of Beijing, it occupies 475 square kilometres (183 sq mi), making it the city's largest district, with Haidian second. As of 2005, Chaoyang had a total population of 3,642,000, making it the most populous in Beijing. The district has jurisdiction over 22 subdistrict offices and 20 area offices. Chaoyang is also home to Silk Street, and many other market areas, shopping malls, and restaurant strips.
According to Chaoyang's official website, the district "is home to more than 60 percent of the foreign business agencies in Beijing, over 3,000 foreign companies, 167 international news agencies, and two-thirds of the 158 of the global top 500 transnational companies that have invested in Beijing." Some of these are:
Beijing Hyundai Motor Company (BHMC, Chinese: S: 北京现代汽车有限公司, T: 北京現代汽車有限公司, P: Běijīng Xiàndài Qìchē Yǒuxiàngōngsī, Korean: 북경현대), a 50-50 joint venture of the Beijing Automotive Industry Holding Co. and Hyundai Motor Company, has its sales offices in the Hyundai Motor Tower in Chaoyang District.
Chaoyang serves as Beijing's diplomatic district. All foreign embassies to China are located in the district except for those of Russia and Luxembourg, which are both in Dongcheng. Chaoyang has three embassy areas in the Sanlitun, Chaoyangmenwai, and Liangmahe neighborhoods.
A Transformers: Dark of the Moon character in Beijing
Chaoyang District is one of the fastest growing districts in the Beijing Metropolitan Area. There are several subway lines running through the district. The Beijing Capital Airport, although surrounded by the Shunyi District, is an exclave of Chaoyang District. The municipality as well as the Chinese national government spend almost a half million USD per day on developing this district.
Chaoyang is currently served by thirteen metro lines of the Beijing Subway:
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