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Home » IANS » Beijing’s GDP tops $558.5 billion in 2020

Beijing’s GDP tops $558.5 billion in 2020

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Beijing, Jan 20 (IANS) Beijing’s GDP reached over 3.6 trillion yuan (about $558.5 billion) in 2020, up 1.2 per cent over the previous year at comparable prices, according to the Beijing Municipal Statistics Bureau.

The value-added of industrial enterprises above designated size in Beijing increased by 2.3 per cent during the period, with the manufacturing of computers, communications and other electronic equipment seeing a rise of 14.6 per cent, the Xinhua news agency reported on Wednesday.

Statistics also indicate that the capital city continued to see a robust high-tech industry in 2020, the industrial value-added of which rose by 9.5 per cent.

The value-added of the tertiary industry rose to more than 3 trillion yuan, with the financial sector up 5.4 per cent to 718.8 billion yuan, bolstering the recovery of the service industry in 2020.



(This story has not been edited by Newsd staff and is auto-generated from a syndicated feed.)
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