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People's Daily Online>>China Business

Beijing leads China's service trade

By Tu Lufang (Beijing Daily)

16:26, March 23, 2012

Edited and translated by People's Daily Online

Currently, the service trade scale of Beijing accounts for more than 20 percent of that of China. It is expected that, by 2015, the service trade scale of Beijing will reach 120 billion U.S. dollars and the international service trade outsourcing scale of Beijing will reach between 3.5 and 5 billion U.S. dollars.

"After developing and adjusting for many years, Beijing has taken the lead in China in forming an industrial structure taking the service economy as the main part. It has turned into Beijing's advantage for developing its service trade.” An official from the Beijing Municipal Bureau of Statistics said that, in 2009, Beijing's tertiary industry accounted for about 76 percent of its GDP, and its producer services accounted for a little more than 65.2 percent of its total service trade.

According to data, in the period between 2005 and 2009, the total service trade import-export volume of Beijing exceeded 250 billion U.S. dollars, and the annual average growth rate of the volume was 25.6 percent, 11.2 percentage points higher than the annual average growth rate of the cargo trade of the same period. The ratio of Beijing's service trade import-export volume in the total volume of China also keeps increasing and reached 22.5 percent in 2009, ranking second in China.

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