Beijing's annual GDP growth exceeds 10 pct for five years

Home>>Business

Last updated at: (Beijing Time) Sunday, January 18, 2004

Beijing's annual GDP growth exceeds 10 pct for five years

DISCUSSION

CHINESE

SEND TO FRIEND

The volume of gross domestic product (GDP) in Beijing topped 361.19 billion yuan (43.51 billionUS dollars) in 2003, up 10.5 percent over that of 2002, maintaining a two-digit growth for five consecutive years.

Though attacked by severe acute respiratory syndrome (SARS) last year, Beijing saw a fast economic growth rate, according to the Beijing Municipal Bureau of Statistics.

The growth was mainly fueled by industry, which achieved 101.73billion yuan (12.26 billion dollars) of added value last year, up 12 percent year-on-year. It contributed 33.2 percent of the total economic growth in the city.

In the industrial sector, automotive manufacturing contributed 16.6 percent to the city's economic growth. In the past year, Beijing produced 347,000 automobiles, up 100.8 percent over the previous year.

Beijing completed 215.71 billion yuan (25.99 billion dollars) of fixed assets investment last year, 0.4 percentage points up year-on-year, and retailing topped 191.67 billion yuan (23.09 billion dollars), five percentage points up year-on-year.

Beijing's foreign trade topped 68.46 billion dollars last year.Imports hit 51.61 billion dollars, up 29.4 percent year-on-year and exports hit 16.85 billion dollars, up 33.6 percent year-on-year.

Questions?Comments? Click here

China to maintain continuity of macro-economic policy

China's economy to grow 8.5 percent this year

Comment: Improving growth figures

Exploration rover "Spirit" lands safely on Mars ( 9 Messages)

Two major state banks to pilot joint-stock system ( 3 Messages)

China pondering its own "green card" system ( 16 Messages)

Roaring BMW: Was it "road rage" or an accident? ( 2 Messages)

Beijing's traffic no longer a headache by year 2008 ( 5 Messages)