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The Beijing Central Business District, or Beijing CBD (simplified Chinese: 北京商务中心区; traditional Chinese: 北京商务中心区; pinyin: Běijīng Shāngwù Zhōngxīn Qū), is the primary area of finance, media, and business services in Beijing, China. Beijing CBD occupies 3.99 sq km of the Chaoyang District on the east side of the city. Geographically situated to the east of the city center, sandwiched between the 3rd Ring Road and the 4th Ring Road, the Beijing CBD is currently undergoing large-scale development.