BUSINESS Beijing's GDP over 40 times higher than 1987


Beijing's GDP over 40 times higher than 1987

China Daily

06:44, December 09, 2018


High-rise buildings in Beijing's central business district (CBD), Dec 4, 2018. (Photo: IC)

Beijing's gross regional domestic product is 41 times higher than the 1978 figure, when the policy of reform and opening-up began, municipal government said on Friday.

Beijing's GDP was 10.88 billion yuan ($1.58 billion) at the beginning of China's reform and opening-up policy, and that figure increased to 2801.49 billion yuan in 2017.

The municipal government said that Beijing's economic growth, has been consistent, at 6.5 percent to 7 percent, since 2011.

Beijing has increased its investment in the science and technology industries, in an effort to further develop the capital's economic structures, said the authority.

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