Core Viewpoint - The Bahe River, an important node of the Grand Canal in Beijing, is undergoing significant transformation to enhance its ecological and economic value, aiming to become a world-class waterfront economic zone that integrates water and urban life [1][10]. Group 1: Project Overview - The Bahe River, also known as the Futong River, has a history of nearly 800 years and spans 21.7 kilometers, playing a crucial role in flood control and ecological restoration in Beijing [1]. - The Bahekou flood retention area project, which is currently under construction, will add 248 hectares of ecological space and is expected to be completed by the end of this year [2]. - The project includes the construction of new levees and a continuous scenic path along the river, enhancing flood safety and creating recreational spaces for the public [2][3]. Group 2: Economic and Social Impact - The transformation of the Bahe River has led to increased foot traffic and business opportunities in the surrounding areas, with the rental rate of the Langyuan Station rising from 30% to 100% within a month after the improvements [5]. - The area has become a hub for cultural and creative industries, attracting various new consumption formats and enhancing the overall business environment [5][8]. - The integration of the Bahe River with nearby commercial and artistic spaces is fostering new consumer experiences and promoting urban renewal [8][10]. Group 3: Future Developments - Plans are in place to open the first tourism yacht route along the Bahe River by the end of this year, which will enhance the river's navigability and recreational offerings [10][14]. - The Beijing Water Authority is developing a comprehensive plan to open and share waterfront spaces, aiming to attract diverse consumer groups and promote urban integration [12][14]. - The overall goal is to create a vibrant urban space that combines culture, history, and leisure, contributing to the revitalization of the Grand Canal [10][12].