Beijing, July 17, 2024, The Europe Today: The gross domestic product (GDP) of Beijing rose by 5.4 percent year-on-year in the first half of 2024, reaching nearly 2.18 trillion yuan (about 305.55 billion U.S. dollars), announced the city’s statistics authorities on Wednesday.
Overall GDP increase at 5.4 percent
According to the municipal bureau of statistics, the breakdown of GDP sectors for the period from January to June is as follows:
- Primary Industry: Achieved an added value of 4.11 billion yuan, marking a slight decrease of 0.1 percent.
- Secondary Industry: Achieved an added value of 303.82 billion yuan, showing a robust increase of 5.7 percent.
- Tertiary Industry: Surpassed 1.87 trillion yuan, with growth matching the overall GDP increase at 5.4 percent.
During the first half of the year, Beijing’s emerging sectors exhibited strong performance. The added value of strategic emerging industries above designated size surged by 12.9 percent. Key sectors such as new energy vehicles, wind turbines, integrated circuits, and industrial robots saw significant growth rates of 3.5 times, 66.1 percent, 13.2 percent, and 12.4 percent, respectively.
In the tertiary sector, specific industries demonstrated notable growth:
- Information Transmission, Software, and Information Technology Services: Achieved an added value of 494.46 billion yuan, marking an impressive growth rate of 12.4 percent.
- Financial Industry: Grew by 5.8 percent to reach 438.03 billion yuan.
- Transportation, Warehousing, and Postal Services: Reported an added value of 58.38 billion yuan, showing a solid increase of 10.4 percent.
The performance across these sectors underscores Beijing’s resilience and dynamic economic landscape in the first half of 2024, positioning the city strongly amidst global economic challenges.
