Economic Index of Major Chinese Regions in 2000: BeijingXinhua is releasing dispatches on major economic indicators of ten major Chinese regions on a quarterly or annual basis.The ten regions include the provinces of Guangdong, Jiangsu, Shandong, Zhejiang, Henan, Liaoning, and the municipalities of Shanghai, Beijing, Tianjin and Chongqing. They make up the bulk of the Chinese economy. The following is a general economic development in Beijing, the Chinese capital, in the year 2000: Beijing's gross domestic product (GDP) was 246 billion yuan in 2000, representing a growth of 11 percent over 1999. The per-capita GDP in the municipality took an annual increase of 10.3 percent to 22,000 yuan (US$2,700) last year. The figure suggests a 60 percent growth from that in 1995. The city achieved 9 billion yuan in agricultural added value, up 4 percent. It also registered 11.4-percent and 11.1-percent increases in its second and tertiary industries with added value reaching 93.58 billion yuan and 143.4 billion yuan, respectively. Fixed Assets InvestmentBeijing injected 129.7 billion yuan in fixed assets last year, an increase of 10.8 percent over the previous year.Investment in urban infrastructural construction and real estate sector accounted for 26.9 percent and 36.5 percent of the total funding, respectively. During the Ninth Five-Year Plan period (1995-2000), Beijing's total fixed asset investment amounted to 546.17 billion yuan. MarketBeijing achieved 144.3 billion yuan in retail sales of consumer goods last year, up 9.9 percent over the previous year. The price- deducted growth rate was 11.1 percent.Both of the city's urban and rural retail sales suggested momentum growth of 9.8 percent and 10.7 percent to 123.11 billion yuan and 21.22 billion yuan, respectively. Housing Sales IndexSales of commercial housing increased by 53 percent on an annual basis to 47 billion yuan. Individual housing spending in the city accumulated 33.64 billion yuan, accounting for 71 percent of the housing sales.Foreign TradeThe total foreign trade reached 49.62 billion US dollars, up 44.4 percent over 1999.The accumulated foreign trade in the Ninth Five Year Plan period (1995-2000) reached 174.19 billion US dollars. Of the total, exports were 50.11 billion US dollars. Overseas InvestmentThe city approved the establishment of 1,149 overseas- funded enterprises last year, with combined contractual overseas capital of US$4.34 billion, up 77.6 percent and 114 percent, respectively, over the previous year.The sum of utilized foreign capital was 3.01 billion US dollars, up 2.5 percent on an annual basis. TourismThe city hosted some 2.82 million overseas tourists and 102 million domestic tourists last year, up 11.8 percent and 10 percent over the previous year, respectively.The city's tourist earnings soared 10 percent to reach 49.6 billion yuan, and that in foreign exchange was up 10.8 percent to 2.77 billion US dollars. Educational SpendingThe municipal government's spending on education cause last year accumulated to 6.01 billion yuan, up 22 percent from the previous year.The city's educational expenditure in the Nine Five-Year Plan period (1996-2000) was 21.62 billion yuan, which nearly tripled that of the previous Five-Year Plan period (1991-1995). Cultural EarningsOver 3,800 cultural institutions, troupes and companies in Beijing reported a total added value of 10.7 billion yuan last year, contributing 4.4 percent of Beijing's gross domestic product (GDP).Urban Infrastructure InvestmentBeijing injected 35.19 billion yuan in fixed assets last year, an increase of 16.3 percent over the previous year. The spending accounted for 29.5 percent of the city's fixed asset investment last year.The investment has facilitated the completion of a section of the city's metro, face-lift of the Ping'an Avenue, the Beijing- Changping and Beijing-Shenyang expressways. AgriculturalBeijing's agricultural added value achieved a 4-percent increase to reach 9 billion yuan last year, when the city harvested 1.44 million tons of grain. The annual increase rates of major non-staple agricultural products, such as meat, vegetables and milk, were all over 10 percent.IndustrialBeijing generated 73.7 billion yuan in industrial added value last year, a 13.2-percent rise on a yearly basis.The annual growth rate averaged 9.9 percent during the Ninth Five-Year Plan period (1996-2000). Construction IndustryThe industry generated an added value of 19.88 billion yuan last year, an increase of 2.1 percent over the previous year.Construction projects were undertaken in an area of 69.959 million square meters, up 6.7 percent over 1999. Some 23.58 million square meters of floor space was completed last year. Post and Telecom IndustryThe industry generated an added value of 12.34 billion yuan last year, up 21 percent from the previous year.The number of fixed phone subscribers and mobile phone users in the city were 4.39 million and 2.66 million respectively at the end of last year. CommercialThe tertiary industry in Beijing gained an 11.1-percent increase to reach 143.47 billion yuan last year.The city's retail and catering industry achieved 22.26 billion yuan in added value last year, up 6.9 percent on an annual basis. Beijing's commodity sales last year amounted to 326.3 billion yuan, up 22.5 percent. Financial & InsuranceLocal financial and insurance added value amounted to 37.82 billion yuan last year, up 16.9 percent on a yearly basis.The city's bank deposits reached 970.5 billion yuan at the end of last year, 143.47 billion yuan more than that at the beginning of the year. The growth was 0.4 percent higher than that of the previous year. The sum of outstanding loans reached 594.46 billion yuan, 111. 61 billion yuan more than that at the beginning of the year. The growth was 99.5 percent higher than that of the previous year. The insurance industry had the premiums soaring up to 8.8 billion yuan, up 1.8 percent from the previous year. Earnings from the life insurance business was 5.8 billion yuan last year, down 2. 3 percent from the previous year, and that of the property insurance reached 3 billion yuan, up 10.6 percent. The annual insurance payment amounted to 1.87 billion yuan, down 41.5 percent from the previous year. Securities MarketTransactions on the city's securities market last year amounted to 1.44 trillion yuan, up 32 .5 percent from the previous year.Of the total, stock trading was worth 913.65 billion yuan, up 66 percent from the previous year. The trading of bonds went up 6. 6 percent on an annual basis to reach 60 billion yuan. The city amassed 48.03 billion yuan of financing from the securities market last year. Real Estate MarketThe real estate industry in Beijing generated 8.04 billion yuan in added value last year, up 14.6 percent from the previous year.The city injected some 52.21 billion yuan into the real estate market, up 23.9 percent on an annual basis, accounting for 40.2 percent of the total infrastructure investment. Some 9.558 million square meters of commercial housing were changed hands in Beijing last year, up 75.6 percent. IncomeThe average per capita disposable income of urban residents in Beijing reached 10,349 yuan last year, a year-on-year increase of 12.7 percent, or an 8.9-percent growth after price was deducted.The per capita net income of farmers was 4,687 yuan, up 8.6 percent, or 7.3 percent up when price was deducted. It was the highest growth rate since 1995. The averaged salary in Beijing was 15,600 yuan last year, up 13. 2 percent over the previous year. The per capita spending of urban residents in Beijing reached 8, 493 yuan, up 13.5 percent. That of farmers was 3,441 yuan, up 9.9 percent. FiscalBeijing's local revenue rose 22.7 percent to reach 34.24 billion yuan last year.The city's annual residential savings deposit reached 292.32 billion yuan, which increased by 24.25 billion yuan from the beginning of this year. |
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