Beijing Sees Two-digit Economic Growth Despite SARS

Home>>Business

Last updated at: (Beijing Time) Wednesday, May 14, 2003

Beijing Sees Two-digit Economic Growth Despite SARS

DISCUSSION

CHINESE

SEND TO FRIEND

Though severe acute respiratory syndrome (SARS) has produced a negative influence on some industries, Beijing still witnessed a year-on-year 12 percent growth in its economy in April, statistics show.

Beijing's gross domestic product was 95.14 billion yuan (11.46 billion US dollars) in April, a 12 percent increase year on year. But the growth in April fell 0.7 percentage points over the first quarter, according to Beijing Municipal Bureau of Statistics.

The large-scale industrial enterprises in Beijing still maintained their rapid growth in the first four months this year, with their added value reaching 28.65 billion yuan (3.45 billion US dollars), a 13.7 percent increase year on year.

Investment in Beijing is still growing amid the spread of SARS.The capital city invested 35.16 billion yuan (4.24 billion US dollars) in fixed assets during the first four months of the year,a year-on-year increase of 8.1 percent. But the growth in April was 4.3 percentage points slower than the first quarter.

However, SARS has had a great impact on the tertiary industry, especially transport, wholesale and retail services, food and beverage, hotels, and its overseas tourism.

Beijing saw a year-on-year 17.2 percent decline in its overseas tourist arrivals, with those overseas tourist arrivals in April dropping almost 60 percent over the previous month, according to the bureau's statistics.

Questions?Comments? Click here

SARS Impact on China's Economy Looms

HKSAR Govt Takes Stages to Revive Economy in Wake of SARS

SARS Poses Test for Chinese Economy

>> Full Coverage

Chinese Premier on Importance, Difficulty of SARS Control in Rural Areas ( 16 Messages)

US Asks UN to Approve Iraq Occupation ( 26 Messages)

Wu Yi on Value of Traditional Medicine in SARS Treatment ( 12 Messages)

"Shenzhou V" Spacecraft to be Launched as Scheduled ( 10 Messages)

April to Turn round Unfavorable Balance in Trade ( 2 Messages)