Beijing's GDP exceeds 3t yuan in 2018

BEIJING - Beijing reported GDP of over 3 trillion yuan ($446.6 billion) in 2018, authorities said Wednesday.

According to the municipal statistics bureau, Beijing attained GDP of 3.03 trillion yuan last year, up 6.6 percent.

"Beijing spent a lot of efforts on moving the non-capital functions out of the city and attained a stable economic growth with its quality improved last year," said Pang Jiangqian, deputy director of the bureau.

The city's new economy grew 9.3 percent to over 1 trillion yuan, accounting for 33.2 percent of the city's GDP.

The city's per capita disposable income also rose 9 percent to 62,361 yuan last year.

Consumption in the service sector reached 1.37 trillion yuan, up 11.8 percent, contributing 82.6 percent to the city's total consumption growth.