In 2019, facing the complex situation of rising risks and challenges at home and abroad, the whole city has been guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, thoroughly implemented the decisions and arrangements of the CPC Central Committee, the Municipal Party Committee and the Municipal Government, and adhered to the overall work tone of steady progress. Together, the people of Beijing worked hard, forged ahead with determination.The whole city has beencoordinating well in making progress on all frontsto decentralize non-capitalfunctions, ensure steady growth, advance reform, make structural adjustments, improve living standards, guard against risk and maintain stability.The overall economic development of Beijing was stable and maintained steady improvement in quality.
According to preliminary calculation, Beijing’s GDP totaled RMB 3.53713 trillion, increasing by 6.1% over the previous year based on comparable price . By industries, the value added of the Primary Industry was RMB 11.37 billion, down by 2.5%; the value added of the Secondary Industry was RMB 571.51 billion, up by 4.5%; the value added of the Tertiary Industry was RMB 2.95425 trillion, up by 6.4%.
1.Ecological function of agriculture was continuously strengthened, with increased benefits of urban agriculture
In 2019, the realized gross output value of agriculture, forestry, animal production and hunting, fishing in Beijing reached RMB 28.17 billion, down by 5.1% over the previous year; of which, driven by the new round of million mu afforestation project, the realized forestry output value reached RMB 11.56 billion, up by 21.6%, accounting for 41.0% of the gross output value of agriculture, forestry, animal production and hunting, fishing.The ecological function of agriculture was further strengthened, with increased benefits of urban agriculture. The proportion of high-benefits varieties like pot foliage, garden fruits, melons and fruits, flowers and seedlings in the output value of facility agriculture was 34.5%, increasing by 6.4percentage points over the previous year; the revenue from seed industry increased by 21.3%; and the per capita consumption of sightseeing parks and folk tour increased by 5.7% and 9.5% respectively.
2.Industrial growth continued, and high-end industries made outstanding contributions
In 2019, the value added of industrial enterprises above designated size in Beijing rose by 3.1% over the previous year based on comparable price. In key sectors, the value added of computer, communication equipment and other electronic equipment manufacturing increased by 9.9%, that of electric and heat power production and supply increased by 8.2%, that of pharmaceutical manufacturing increased by 6.2%, and that of auto industry increased by 2.7%. The high-end industries made outstanding contributions.The value addedof hi-tech manufacturing and strategic emerging industries rose by 9.3% and 5.5% respectively, contributing 74.7%and 58.9% tothegrowth in industrialenterprises above designated sizerespectively.
Accumulative Growth Rates of Value Added in Industrial Enterprises above Designated Size since 2018 (%)
3. The Tertiary Industry played the role of “ballast stone” and advantaged sectors formed a strong support
In 2019, the value added of the Tertiary Industry in Beijing increased by 6.4% over the previous year, 0.3 percentage point higher than the GDP growth rate of Beijing, contributing 87.8% to the economic growth. Of which, the advantaged sectors, such as finance, information services and technology services, continued to play a leading role. From the perspective of revenue, the total proportion of the revenue of legal entities in finance sector, information transmission, software and information technology services, and the sector of scientific research and development, technical services above designated size in the revenue from the Tertiary Industry for the period between January and November was 36.6%, increasing by 3.6 percentage points year on year.
4. Market consumption showed good growth trend, the on-line retail performance was active
In 2019, the total market consumption in Beijing hit RMB 2.73189 trillion, up by 7.5% over the previous year. From the perspective of internal structure,service consumption achieved RMB 1.50488trillion, up by 10.2%, contributing 72.7% to the total consumption growth.Total retail sales of consumer goods amounted to RMB 1.22701 trillion, up by 4.4%.Of which, the on-line retail volume of wholesale and retail enterprises above designated size reached RMB 336.63billion, up by 23.6%. By commodity category, forwholesale and retail enterprises above designated size,the retail sales of household supplies, household appliances and audio-visual equipment, communication equipment respectively increased by 25.7%,21.5% and 9.6%.
Accumulative Growth Rates of Total Retail Sales of Consumer Goods since 2018(%)
5. The effectiveness of investment was enhanced, investment in key areas saw rapid growth
In 2019, the total investment in fixed assets of Beijing (excluding peasant households) declined by 2.4% over the previous year. By industries, the investment in the Primary Industry grewby20.6%, declined by 9.0% in the Secondary Industry, and declined by 2.3% in the Tertiary Industry.The effectiveness of investment was continuously enhanced; investment in construction installation projects that reflected the physical workload increased by 5.9%. Investment in key sectors and areas related to people’s livelihood was growing well. Investment in the sector of renting and leasing activities and business services, the sector of culture, sports and entertainment, the sector of health care and social work and thesector of scientific research and development, technical services grew by 1.6 times, 77.0%, 49.0% and 27.0% respectively.
In 2019, the investment in real estate development of Beijing decreased by 0.9%over the previous year; of which, the proportion of investment in affordable housing was nearly 30%. The area of sold commercial housing amounted to 9.389 million square meters, grew by 34.9%; of which, the area of sold affordable housing amounted to 3.501million square meters, increasingby 58.0%, accounting for 37.3% of the area of sold commercial housing, increasing by 5.5 percentage points year on year.
Accumulative Growth Rates of Area of Sold Commercial Housingsince 2018(%)
6. Consumer Price Index (CPI) showed moderate rise and the Producer Price Index (PPI) was generally stable
In 2019, Beijing’s CPI increased by 2.3% over the previous year. In specific, the price of consumer goods rose by 2.2% and that of services went up by 2.5%. In 8 categories of commodities and service items, “the prices of 6 categories increased while the prices of 2 categories dropped”: the price grew by 5.2% for food, tobacco & alcohol, 1.9% for clothing, 1.3% for housing, 1.0% for education, culture & entertainment,8.4% for healthcare, and 3.2% for other supplies & services; the price fell by 0.3% for household goods & services, and 2.8% for transportation & communication. In December, CPI increased by 3.3% year on year and increasedby 0.2% month on month.
Monthly Year-on-year Increase/Decrease Rate of CPI since 2018(%)
In 2019, Beijing’s PPI dropped by 0.4% over the previous year and IPI droppedby 0.4% over the previous year. In December, PPI increased by 0.1% year on year and remained the same month on month; IPI decreasedby 0.8% year on year and increased by 0.2%moth on month.
Monthly Year-on-year Increase/Decrease Rate of PPI and IPI since 2018(%)
7. The surveyed unemployment rate was low, and resident income increased steadily
In Q4, the surveyed urban unemploymentrate of Beijing was 4.0%, remaining at a low level.
In 2019,the per capita disposable income of residents in Beijing was RMB 67,756, up by 8.7% over the previous year and up by 6.3% in real terms on inflation-adjusted basis. Among the four income categories, “three increased and one remained the same”:wage income increased by 9.4%;transfer net income increased by 9.5%;property net income increased by 6.1%; andoperating net income remained the same as the previous year.
8.Permanent population remained stable
At the end of 2019, the permanent population of Beijing was 21.536 million, a decrease of 6,000 from the end of the previous year. In terms of age composition, the population of residents of 0-14 years was 2.267million, accounting for 10.5% of the permanent population of Beijing; the population of residents of 15-59 years was 15.556 million, accounting for 72.3% of the permanent population of Beijing; the population of residents of 60 years and above was 3.713 million, accounting for 17.2% of the permanent population of Beijing. In terms of urban and rural structure, the urban population was 18.65 million and the rural population was 2.886 million; the urban population accounted for 86.6% of the permanent population of Beijing.
On the whole, Beijing remained steady economic development in 2019, new progress and achievements have been made in high-quality development. 2020 is the last year for building a moderately well-off society in an all-round way and for the implementation of the “13th Five-Year Plan”. We will continue to upholdXi Jinping Thought on Socialism with Chinese Characteristics for a New Era, and thoroughly implement the spirit of General Secretary Xi Jinping’s important speech to Beijing; we will remain committed to the overall work tone of steady progress, and adhere to the new development philosophies; we will adhere to the main line of supply-side structural reform, continue to pursue reform and opening up as the driving force, advance high-quality development, ensure and improve people’s living standards, and work harder to promote new development of the capital.
 Based on China’s gross domestic product (GDP) calculation system and the results of the fourth national economic census, National Bureau of Statistics has uniformly revised the preliminary calculation figures of GDP of all provinces and cities: in 2018, Beijing’s GDP totaled RMB 3.3106 trillion; in specific, the value added of the Primary Industry was RMB 12.06 billion, the value added of the Secondary Industry was RMB 547.73 billion, and the value added of the Tertiary Industry was RMB 2.75081 trillion. The growth rate was the result of the comparison between the preliminary calculation figures in 2019 and the revised data in 2018.
 There were overlaps between the hi-tech manufacturing and strategic emerging industries.