xi's moments
Home | Macro

Beijing exceeds national Q1 GDP growth, reaches 6% increase

By DU JUAN | chinadaily.com.cn | Updated: 2024-04-18 20:37

A view of Beijing's CBD area. [Photo/VCG]

Beijing's regional GDP was around 1.06 trillion yuan ($146 billion) for the first quarter, a 6 percent year-on-year growth when calculated at constant prices, according to the city's statistics bureau at a press conference on Thursday.

Notably, this growth surpassed the previous year's annual growth rate by 0.8 percentage points and exceeded the national first-quarter average level, which stands at 5.3 percent, according to Beijing Daily.

Breaking down the industries, the added value of the primary industry reached 1.5 billion yuan, marking a 3.2 percent growth year-on-year. Meanwhile, the secondary industry's added value reached 131 billion yuan, growing 7.3 percent year-on-year.

Officials from the city's statistics bureau said the city made solid progress in promoting high-quality development in the first quarter. Production demands continued to improve, employment and prices remained stable, and market expectations showed positive trends, contributing to an overall positive economic recovery and a promising start to the year.

On Wednesday, the Beijing municipal government's top officials met to discuss the city's economic performance in the first quarter. The meeting stressed the need to leverage investment's driving role in economic growth, strengthen the scheduling of major projects, and develop emerging industries, including new energy vehicles and robots.

Global Edition
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349