GDP increased by 5.1% year-on-year, and Beijing’s economy maintained a recovery trend in the first three quarters
Yesterday, Beijing held a press conference on Beijing's economic performance in the first three quarters of 2023. Zhu Yannan, deputy director and spokesperson of the Beijing Municipal Bureau of Statistics, introduced that Beijing’s GDP in the first three quarters reached 3.17231 billion yuan, a year-on-year increase of 5.1%, a decrease of 0.4 percentage points from the first half of the year.
She said that Beijing’s economic activity increased in the first three quarters. The summer cultural tourism market continues to heat up. In the first three quarters, Beijing carried 370 million passengers, a year-on-year increase of 62.4%. The accommodation and catering industry achieved catering revenue of 98.53 billion yuan, an increase of 28.1%. Leisure agriculture and rural tourism received 16.637 million tourists, an increase of 28.1%. 25.2%. Demand gradually rebounded, with Beijing's freight volume reaching 150 million tons, returning to more than 80% of pre-epidemic levels. The delivery value of industrial exports above designated size in that month increased for five consecutive months, driven by the electronics industry.
In the first three quarters, Beijing residents' livelihood protection was strong and effective, and a number of measures were introduced to optimize and adjust employment stabilization policies to promote development and benefit people's livelihood. In September, the city's urban surveyed unemployment rate was 4.1%, falling for four consecutive months.
Zhu Yannan introduced that prices in the first three quarters were stable, with consumer prices rising by 0.6% year-on-year. Residents' income increased steadily. The city's per capita disposable income of residents was 61,718 yuan, an increase of 5.3%. The income of rural residents grew 2 percentage points faster than that of urban residents. Projects in the areas of people's livelihood, such as the renovation of old communities, ecological protection and environmental management, were accelerated, and the growth rate of fixed asset investment exceeded 80%.
The vitality of Beijing's market entities has recovered, with more than 220,000 new companies established, a year-on-year increase of more than 20%. Xinatong enterprises above designated size have good growth momentum, and the output value of Xinatong industrial enterprises has increased by nearly 30%, which is significantly higher than the average level of industrial enterprises above designated size. The income of Xinatong service industry enterprises increased by nearly 20%, which was significantly higher than the average level of the service industry above designated size. We continued to implement policies to assist enterprises, and from January to August, the profitability of industrial and service enterprises above designated size increased by 1.5 percentage points and 3.6 percentage points respectively year-on-year.
