Beijing's GDP up 6% in Q1

BEIJING -- Beijing's gross domestic product (GDP) exceeded 1.05 trillion yuan ($148 billion) in the first quarter of 2024, up 6 percent year-on-year, local authorities have said.

In the first three months of this year, the added value of the municipality's primary industry totaled 1.5 billion yuan, up 3.2 percent year-on-year, while that of its secondary industry reached 131.04 billion yuan, up 7.3 percent year-on-year, according to a press conference on Thursday.

The added value of Beijing's tertiary industry grew 5.8 percent to 925.6 billion yuan.

Beijing has set a GDP growth target of about 5 percent for 2024.