Per capita disposable income in Beijing hits 5,365 yuan in Q1

Beijing's social and economical development is good and the disposable personal income (DPI) of urban residents amounted to 5,365 yuan in the first quarter of this year, registering a growth of 16.3 percent, or 6.9 percentage points higher than the growth of last year, according to Beijing Evening News. It is reported that the gross product of Beijing reached 168.16 billion yuan, a growth of 13.3 percent, or 2.2 percentage points higher compared to the same period of last year, which is also higher than the 9 percent goal set for the whole year.

The income of urban and rural dwellers maintained fast growth. In the first quarter, Beijing's fixed assets investment reached 37.99 billion yuan, rising by 17.5 percent; retailing sales amounted to 78.03 billion yuan, up 12.9 percent or 4.8 percentage points higher compared to the growth of the same period of last year; the structure of consumer demand with "housing and transport" taking the lead continued to deepen, and cars, household appliances, gold and silver, and oil products became marketing focus.

Foreign investment actually used in Beijing stood at U.S.$ 1.35 billion, 33.4 percent higher compared to the corresponding period of last year, and 27 percentage points higher than national average.

By People's Daily Online