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Beijing Keeps Ten Percent of Economic Growth Rate
Beijing has realized an annual growth rate of 10 percent on average in the past five years and its gross domestic product (GDP) added up to more than 1 trillion yuan (about US$120 billion), or 1.2 times more than that from 1991 to 1995.
Beijing Municipal Statistics Bureau disclosed today that State- owned and collective sectors contributed to 68.2 percent of the GDP last year, while the figure in 1996 was 80.4 percent.
The growth rate of other economic sectors has averaged an annual 23.3 percent in the past five years, 17.9 percent higher than that of State-owned and collective sectors.
However, the State-owned sector is still in the dominant position in key industries including transportation, telecom and post service and financing and insurance, over 95 percent on average.
Consumer sales value for the last five years was 592.7 billion yuan, more than double the figure for the previous five years. The sales value for daily necessities decreased from 90 percent in 1996 to about 60 percent last year, while service consumption value increased to some 40 percent.
As for exports and imports, the five-year value was 174.19 billion U.S. dollars, US$50.11 billion for exports. Foreign investment in actual use amounted to US$13.67 billion by 2000, or 1.4 times as against that of the previous five years.
Individual savings deposits increased by 166.92 billion yuan, or 62.5 percent more than that from 1991 to 1995.
Local residents' living space has enlarged. Per capita housing space reached 16.2 square meters in 2000, 2.9 square meters more than 1995.
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