Beijing GDP grows 5.4% in first half of 2024

by times news cr

2024-08-17 02:47:44

BEIJINGBeijing’s gross domestic product (GDP) grew 5.4 percent year on year in the first half of 2024, city statistics authorities said Wednesday.

The GDP of the Chinese capital reached nearly 2.18 trillion yuan (about 305.55 billion U.S. dollars) during the January-June period, according to the municipal statistics bureau.

The primary industry achieved an added value of 4.11 billion yuan, down 0.1 percent; the secondary industry achieved an added value of 303.82 billion yuan, up 5.7 percent; and the tertiary industry exceeded 1.87 trillion yuan, up 5.4 percent.

From January to June, Beijing’s emerging sectors showed a strong performance. The added value of strategic emerging industries above the designated size grew by 12.9 percent.

The output of new energy vehicles, wind turbines, integrated circuits and industrial robots increased 3.5 times, registering rises of 66.1 percent, 13.2 percent and 12.4 percent, respectively.

In the tertiary sector, the information transmission, software and information technology service industry experienced rapid growth, reaching an added value of 494.46 billion yuan, up 12.4 percent.

The added value of the financial sector grew by 5.8 percent to 438.03 billion yuan. The city’s transportation, warehousing and postal service industry reported an added value of 58.38 billion yuan, up 10.4 percent.

You may also like

Leave a Comment