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Beijing sees double-digit GDP growth(11/13/03)

 Beijing reported double-digit growth in its gross domestic product (GDP) from January to October,said the Beijing Municipal Statistics Bureau on Nov.13.

    According to latest statistics released by the bureau, Beijing's GDP totaled 278.8 billion yuan (34 billion US dollars) during the period, a year-on-year increase of 10.1 percent, the first time Beijing realized double-digit growth since the SARS epidemic outbreak in April.

    The added value of industry maintained rapid growth, which topped 78.3 billion yuan (9.5 billion US dollars), up 13.1 percent over the same period last year. Vehicle manufacturing machinery, oil refining, ferrous metal smelting and the chemical industry all registered fast growth.

    Exports in the industrial sector reported 32.2 billion yuan (3.9 billion US dollars) in the first ten months, up 20.4 percent year-on-year.

    The high-tech sector reported a rise of 8.9 percent in added value growth, which totaled 25 billion yuan (3 billion US dollars),slightly down 0.7 percentage of increase over the first six monthsof the year.

    Investment in fixed assets totaled 152 billion yuan (18.5 billion US dollars) during the period, up 21.3 percent. Meanwhile,investment in renovation projects reported a year-on-year increase of 65.8 percent, amounting to 14 billion yuan (1.7 billion US dollars).

    Gross retail sales totaled 157 billion yuan (19 billion US dollars), up 14 percent over the same period last year.

 


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