The growth rate is 2.4 percentage points higher than the first quarter, and the GDP of Beijing in the first half of the year increased by 5.5% year-on-year. The industrial sector saw a decline in GDP

Release time:Apr 14, 2024 07:19 AM

Today, Beijing held a press conference on the economic performance of the first half of 2023. According to Zhu Yannan, Deputy Director and spokesperson of the Beijing Municipal Bureau of Statistics, Beijing's GDP in the first half of the year reached 2062.13 billion yuan, a year-on-year increase of 5.5%, which is 2.4 percentage points higher than the first quarter.

Production demand continues to improve

It is reported that from the perspective of the production sector, the decline in industrial output has significantly narrowed, with the decrease in added value of industries above designated size narrowing by 6.4 percentage points compared to the first quarter. Among the 37 major categories of industrial industries, 23 industries achieved growth, an increase of 5 compared to the first quarter, and 22 industries saw an increase or decrease in growth rate compared to the first quarter. The service industry has steadily rebounded, with a growth rate of 2 percentage points higher than the first quarter. Among the 14 service industry categories, 13 industries have achieved growth, an increase of 1 compared to the first quarter, and 12 industries have improved compared to the first quarter.

In terms of demand, the city's fixed assets investment grew at a double-digit rate, 4 percentage points higher than that in the first quarter. Market consumption has resumed in an orderly manner, with a growth rate of 6.6 percentage points in total market consumption compared to the first quarter, a growth rate of 7.7 percentage points in service consumption, and a growth rate of 4.5% in total retail sales of consumer goods, which decreased from 0.7% in the first quarter.

Further recovery of contact service industry and consumption

Zhu Yannan stated that in the first half of the year, Beijing's advantageous industries have strengthened their development resilience. From an industrial perspective, the automotive, power, and equipment industries have played a prominent driving role. In the first half of the year, the added value of the automotive manufacturing industry increased by 16.1% under the combined effect of production recovery and the low base of the previous year, an increase of 14.1 percentage points compared to the first quarter; The added value of electricity, heat production, and supply industries maintains double-digit growth; The five major equipment manufacturing industries saw a growth rate of 15.3%, with a total increase of 2.4 percentage points in the growth rate of industries above designated size. From the perspective of the service industry, the information transmission, software, and information technology service industries, as well as the financial industry, continue to play a driving role, contributing a total of over 70% to the growth of the service industry.

The contact service industry and consumption have further recovered. The added value of the accommodation and catering industry, transportation, warehousing and postal industry, culture, sports, and entertainment industry increased by 22.5%, 14.3%, and 4.3% respectively, with an increase of 10.9%, 7.4%, and 0.7 percentage points compared to the first quarter. In service-oriented consumption, the consumption in the fields of transportation, culture, sports, and entertainment is growing rapidly; In the total retail sales of consumer goods, the demand for fashion and travel goods is accelerating, and the retail sales of gold, silver, jewelry, clothing, shoes, hats, needles, textiles, cosmetics, as well as automobiles, oil, and products are maintaining double-digit growth. Leisure agriculture and rural tourism continue to recover, with over ten million visitors and a revenue of 1.74 billion yuan, a year-on-year increase of 30.6% and a growth of 6.9% compared to the same period before the epidemic.

Emerging momentum shows active performance

Zhu Yannan introduced that in the first half of the year, the digital economy in Beijing achieved an added value of 918.05 billion yuan, a year-on-year increase of 8.7% at current prices, accounting for 44.5% of the regional GDP, a year-on-year increase of 1.1 percentage points; The core industries of the digital economy achieved an added value of 556.51 billion yuan, an increase of 10.9%, accounting for over 60% of the added value of the digital economy.

In the first half of the year, "specialized, refined, unique, and new" enterprises showed good growth momentum. The output value of industrial enterprises above designated size in the city increased by 4.7%, significantly higher than the average level of industrial enterprises above designated size; The proportion of industrial output value above designated size was 12.8%, an increase of 3.9 percentage points year-on-year. From January to May, the operating revenue of "specialized, refined, special, and new" service industry enterprises above designated size increased by 8% year-on-year, 2.8 percentage points higher than that of service industry enterprises above designated size.

New enterprises have shown vitality, with 151000 new enterprises established in the city, an increase of nearly 30% compared to the same period last year. Among them, the proportion of newly established technology-based enterprises remains above 40%.

Solid and powerful livelihood guarantee

Zhu Yannan stated that in order to focus on improving people's well-being, fiscal expenditure is tilted towards the field of people's livelihood. The proportion of health and education expenditure to general public budget expenditure is 24.3%, an increase of 0.5 percentage points year-on-year. The growth rate of investment in affordable housing exceeded 10%, and the completed area increased by 36.2%.

Consumer prices have risen moderately, with a year-on-year increase of 0.7% in the first half of the year for residents in the city. The overall employment situation is stabilizing. In June, the surveyed urban unemployment rate in the city was 4.6%, a slight decrease compared to May. The income of residents has steadily increased, with the per capita disposable income of residents in the city increasing by 5% year-on-year, which is 1.4 percentage points higher than the first quarter. Among them, wage income, which accounts for more than 60%, increased by 7%, an increase of 2 percentage points. The income growth of rural residents continues to be faster than that of urban residents.

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