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Steady development of Beijing economy in 2019

2020-02-03 17:05  

In 2019, in the face of the complex situation of rising risks at home and abroad, the whole city, guided by Xi Jinping's socialist ideology with Chinese characteristics in the new era, thoroughly implements the central and municipal party committee and municipal government's decision-making arrangements, adheres to the overall keynote of seeking steady progress in the work, concentrates its efforts and forges ahead, makes overall efforts to promote sparse functions, steady growth, promotes reform, adjusts the structure, benefits people's livelihood, prevents risks, and ensures stability.

Preliminary accounting shows that the total GDP of the whole city is 3,537.13 billion yuan, an increase of 6.1% over the previous year in terms of comparable prices [1]. The added value of the primary industry was 11.37 billion yuan, down 2.5 percent; the added value of the secondary industry was 57.51 billion yuan, up 4.5 percent; and the added value of the tertiary industry was 2,954.25 billion yuan, up 6.4 percent.

1The ecological function of agriculture is increasing and the benefit of urban agriculture is improving

In 2019, the total output value of agriculture, forestry, animal husbandry and fishery industry in the city was 28.17 billion yuan, a decrease of 5.1 percent over the previous year. The proportion of high-benefit varieties such as potted foliage plants, garden fruits, fruits and flowers and seedlings in the agricultural output value of the facility was 34.5%, an increase of 6.4 percentage points over the previous year; the income of seed industry increased by 21.3%; and the per capita consumption of sightseeing garden and folk tourism increased by 5.7% and 9.2% respectively.  5%.

2Sustained industrial growth and outstanding contributions from high-end industries

In 2019, the added value of industry above the city's scale was calculated at comparable prices, an increase of 3.1 percent over the previous year. In key industries, the manufacturing of computers, communications and other electronic equipment increased by 9.9 percent, the power and thermal power production and supply industries increased by 8.2 percent, the pharmaceutical manufacturing industry increased by 6.2 percent, and the automobile manufacturing industry increased by 2.7 percent. The contribution of high-end industries is outstanding, and the added value of high-tech manufacturing and strategic emerging industries [2] increased by 9.3% and 5.5%, respectively, and the contribution rate to industrial growth above scale is 74.7% and 58.9%, respectively.

Cumulative growth in industrial added value above scale since 2018%

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3The tertiary industry plays the role of ballast stone, and the dominant industries form a strong support

In 2019, the added value of the city's tertiary industry increased 6.4 percent over the previous year,0.3 percentage points above the growth rate of the region's GDP, and the contribution rate to economic growth reached 87.8 percent. In terms of income, in the financial sector, information transmission, software and information technology services, and in the scientific research and technology services sector, the proportion of corporate income in the tertiary industry totaled 36.6 percent, an increase of 3.6 percentage points over the same period last year.

4Good growth in market consumption and active online retail performance

In 2019, the city achieved a total market consumption of 273.189 billion yuan, an increase of 7.5 percent over the previous year. From the internal structure: to achieve the service consumption of 150488 billion yuan, an increase of 10.2%, the contribution rate to the growth of total consumption reached 72.7%. Retail sales of consumer goods totaled 122.701 billion yuan, up 4.4 percent. Among them, wholesale and retail enterprises above the quota achieved online retail sales of 336.63 billion yuan, an increase of 23.6 percent. In terms of commodity categories, commodities for daily use, household appliances and audio-visual equipment and communications equipment realized by wholesale and retail enterprises above the quota  Retail sales rose by 25.7 per cent,21.5 per cent and 9.6 per cent respectively.

Total retail sales of consumer goods have grown by %since 2018

 

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5Increased effectiveness of investment and rapid growth of investment in key areas

In 2019, investment in the city's fixed assets (excluding farmers) fell 2.4 percent over the previous year. By industry, investment in the primary industry increased 20.6 percent, investment in the secondary industry decreased by 9.0 percent, and investment in the tertiary industry decreased by 2.3 percent. Investment in construction and installation projects, reflecting the actual workload, has increased by 5.9 percent.The investment in key industries and people's livelihood has increased relatively well.The investment in leasing and business services, culture, sports and entertainment, health and social work, scientific research and technical services has increased by 1.6 times,77.0 percent,49.0 percent and 27.0 percent, respectively.

In 2019, the city's investment in real estate development fell 0.9 percent over the previous year; the proportion of affordable housing investment was close to 30 percent. The sales area of commercial housing was 9.389 million square meters, an increase of 34.9 percent; among them, the sales area of affordable housing was 3.501 million square meters, an increase of 58.0 percent, accounting for 37.3 percent of the sales area of commercial housing, an increase of 5.5 percentage points over the same period last year.

Total growth in commercial housing sales since 2018%

 

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6Moderate rise in consumer prices, stable overall production prices

In 2019, the city-wide consumer price rose 2.3 percent over the previous year. Among them, the price of consumer goods rose 2.2% and the price of services rose 2.5%. The prices of eight categories of goods and services were "six liters and two drops ": food, tobacco and alcohol rose 5.2 percent, clothing 1.9 percent, residential 1.3 percent, education, culture and entertainment 1.0 percent, health-care 8.4 percent, other supplies and services 3.2 percent, household goods and services 0.3 percent and communications 2.8 percent. Consumer prices are the same in December  It was 3.3 per cent higher and 0.2 per cent higher.

Consumer prices have risen and fallen year-on-year since 2018(%)

 

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In 2019, factory prices for the city's industrial producers fell 0.4 percent over the previous year and purchase prices fell 0.4 percent over the previous year. Factory prices were up 0.1 per cent year-on-year in December, while purchase prices fell 0.8 per cent year-on-year and rose 0.2 per cent.

Since 2018, industrial producers have seen their prices rise and fall year-on-year (%)

 

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7Survey of low unemployment and steady rise in incomes

In the fourth quarter, the city's urban survey unemployment rate was 4.0 percent, keeping it low.

In 2019, the per capita disposable income of the city's residents was 67756 yuan, an increase of 8.7 percent over the previous year, and a real increase of 6.3 percent after deducting the price factor. Four items of income "three liters and one level ": wage income increased 9.4 percent, net income from transfers increased 9.5 percent, net income from property increased 6.1 percent, and net operating income was the same as the previous year.

8Resident population remains stable

At the end of 2019, the city's resident population was 21.536 million, down 0.6 million from the end of the previous year. In terms of age composition, there are 2.267 million permanent residents aged 0-14, accounting for 10.5 percent of the city's resident population;15.556 million permanent residents aged 15-59, accounting for 72.3 percent; and 3.713 million permanent residents aged 60 and above, accounting for 17.2 percent. In terms of urban and rural composition, the urban population is 18.65 million, and the rural population is 2.886 million.

In general, the city's economy in 2019 to maintain a stable operation, high-quality development to achieve new progress and new results. In 2020, it is the year when a well-off society is built in an all-round way and the 13th Five-Year Plan ends.It is necessary to adhere to Xi Jinping's socialist ideology with Chinese characteristics in the new era, thoroughly implement the spirit of General Secretary Xi Jinping's important speech to Beijing, adhere to the general tone of his work, adhere to the new concept of development, adhere to the supply-side structural reform as the main line, adhere to the reform and opening-up as the driving force, promote high-quality development, ensure and improve the people's livelihood, and make great efforts to promote the new development of the capital.

[1] According to the gross domestic product (GDP) accounting system and the results of the fourth national economic census, the State Bureau of Statistics revised the preliminary figures of gross domestic product in all provinces and municipalities in a unified way: in 2018, the total GDP of the whole city was 33.06 billion yuan, of which the added value of the primary industry was 12.06 billion yuan, the added value of the secondary industry was 547.73 billion yuan and the added value of the tertiary industry was 275.81 billion yuan. The growth rate is the result of the 2019 preliminary accounting number compared with the 2018 revised data.

[1] High-tech manufacturing and strategic emerging industries are intersected.