Beijing expects a 10.2 percent growth in gross domestic product (GDP), which will hit 313 billion yuan (about US$37.71 billion) this year.
Sources from a municipal meeting on development planning that opened Wednesday said that total fiscal revenue will exceed 50 billion yuan (about US$6.02 billion) in the year.
In the meantime, both investment and consumption will exceed 170 billion yuan (about US$20.48 billion).
Rising domestic demand and increased investment are main factors for the city's economic growth, said a local economic official.
According to the official, the city's export will hit US$5.8 billion this year, up 19 percent from last year, and per capita disposable income of urbanites and per capita net income of farmers will go up by 13.8 percent and 11.8 percent, respectively.
(Xinhua News Agency December 27, 2002)
