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The Chinese capital Beijing scored 246 billion yuan (US$29.6 billion)
in gross domestic product (GDP) in 2000, an increase of 11 percent
over the previous year.
The per capita GDP for 2000 was 22,000 yuan (US$2,650), the highest
in the past five years, a municipal government official said today.
Rapid industrial growth is regarded as the leading cause of the
local economic development. The city's industrial added value increased
at an average of 13 percent annually in the past two years.
Local fiscal revenue, which grew at an annual rate of more than20
percent for the past five consecutive years, is expected to reach
34.24 billion yuan (US$4.125 billion) in 2000, doubling the figure
five years ago.
The high-tech industry is expected to generate a total added value
of 20.5 billion yuan (US$2.47 billion) for 2000, or 27.8 percent
of the city's total industrial added value.
The fast economic growth in 2000 is also attributed to the successful
technical innovation in traditional industrial enterprises, the
improved performance of state-owned enterprises and adjustment of
the agricultural structure and export product mix.
Beijing's agricultural added value for 2000 is projected to exceed
nine billion yuan (US$1.08 billion), up four percent from 1999.
(Eastday 01/31/01)
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