Beijing's economy demonstrated robust performance in the first half of 2025, with gross domestic product growing 5.5% year on year to reach 2.5 trillion yuan ($348 billion), city officials said Thursday.

Per capita disposable income for Beijing residents also saw healthy growth, reaching 45,144 yuan, an increase of 5.1% after accounting for price factors. Zhu Yannan, deputy chief of the Beijing Municipal Bureau of Statistics, noted that the city's economy in the first half of the year was stable and improving, with enhanced resilience, vitality and dynamism being key characteristics.

The city's three major industries all contributed to this positive trend. Agriculture saw its total output value increase 2.2% year on year. Industrial output for enterprises above designated size grew 7%, while the dominant services sector increased 5.6%.

Information services, finance and industrial sectors were the primary growth drivers, collectively contributing nearly 90% to the city's overall economic expansion.

On the demand side, fixed asset investment excluding rural households in Beijing grew 14.1% year on year. A major driving force was a 99% increase in equipment purchases, reflecting expanded production capacity by enterprises.

Zhu attributed the results partly to existing and new policies. Beijing saw approximately 20% growth in newly established businesses, primarily in technology, information, business and wholesale and retail services. Enterprise operating efficiency also improved, with information services, technology services and some equipment manufacturing industries reporting strong revenue and profit growth.

Equipment purchase investment nearly doubled due to new policies, further bolstering domestic demand, while the real estate market gradually stabilized, with new commercial housing sales area increasing 5.4%.

Zhu said the first half's strong performance laid a solid foundation for stable economic operations throughout the remainder of the year, supported by macroeconomic policies and Beijing's inherent economic resilience and potential.