Beijing's GDP exceeds 2 trillion yuan in 2014

BEIJING - Beijing's gross domestic product(GDP) in 2014 topped 2.133 trillion yuan($343.38 billion), up by 7.3 percent from the previous year, local authorities said on Thursday.

According to a report jointly published by Beijing Statistics Bureau and the National Bureau of Statistics Beijing survey office, the per capita GDP of Beijing was 99,995 yuan in 2014.

During 2014, the added value of primary industry was 15.9 billion yuan, down by 0.1 percent year on year. Meanwhile, the added value of the secondary and tertiary industry in 2014 was 454.55 billion yuan and 1662.63 billion yuan, up by 6.9 and 7.5 percent respectively.

The GDP of the tertiary industry took 77.9 percent of the total GDP in 2014, an increase of 2 percentage points from 2008.

Statistics show growth in communication and electronic equipment, automobiles, and medicine accounted for 74.2 percent of the total growth rate of the city's manufacturing industry in 2014.

Among the tertiary industries, finance, information and software, and scientific research and service saw the fastest expansion in 2014, witnessing a yearly growth of 12.3, 11.7 and 11.1 percent respectively. The added value of the property industry was down by 2.2 percent on a yearly basis.

Total value of the city's imports and exports was $415.65 billion in 2014, down by 3.3 percent year on year, according to the report.

A raft of China's 2014 economic figures unveiled on Tuesday by the National Bureau of Statistics shows that China has seen the slowest pace of GDP growth since 1990, as the country's GDP expanded 7.4 percent year on year to 63.65 trillion yuan.