Beijing Confident of Doubling Per Capita GDP by 2008

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Last updated at: (Beijing Time) Wednesday, May 22, 2002

Beijing Confident of Doubling Per Capita GDP by 2008

Beijing Mayor Liu Qi said Tuesday he is confident of the target that the per capita GDP would rise to 6,000 U.S. dollars by 2008, doubling the current figure for the Chinese capital. China's accession to the WTO and Beijing's successful bid for hosting the 2008 Olympic Games are two major factors that will boost Beijing's economic development.

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Mayor Liu Qi said Tuesday he is confident of the target that the per capita gross domestic product (GDP) would rise to 6,000 U.S. dollars by 2008, doubling the current figure for the Chinese capital.

Liu made the remark at the ongoing congress of the Communist Party of China Beijing Municipal Committee.

Compared with the estimated national economic growth rate of 7 per cent during the 2001-05 period, Beijing's targeted 9 per cent is practical, based on its healthy economic development in recent years, he said.

China's accession to the World Trade Organization and Beijing's successful bid for hosting the 2008 Olympic Games are two major factors that will boost Beijing's economic development, the mayor said.

Beijing's per capita GDP target of 6,000 U.S. dollars was formerly set for the year 2010.

The city witnessed an average annual growth rate of 10.3 percent in the last five years, with the contribution of the service industry to the economic growth rising to 58.9 percent last year.

China Embraces 2008 Olympics

Chinese Olympic Committee (COC) has expressed its wishes that they will closely work together with the Olympic family and build on experiences of the previous host cities to ensure a successful games in 2008.

Beijing plans to spend 3.4 billion US dollars on sport venues and other related facilities for the 2008 summer Olympic Games.

Keeping to its commitment to staging a best ever Olympics, Beijing organisers has come up with a comprehensive and systematic plan to guide the preparation work for the 2008 Games.

Features: China Embraces 2008 Olympics

Officail Website: New Beijing Great Olympics

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