Home » today » Business » Beijing’s Economy Recovers: Investment in High-Tech Service Industry Increases by Over 60%

Beijing’s Economy Recovers: Investment in High-Tech Service Industry Increases by Over 60%

September 19, 2023 11:03 Source: Beijing Daily Participate in interaction

  Investment in high-tech service industry increased by over 60%

  The city’s economy continued to recover in the first eight months

Report from this newspaper (Reporter Chen Xuening) The city’s economy continues to recover. Yesterday (September 18), the Municipal Bureau of Statistics and the Beijing Survey Team of the National Bureau of Statistics released data showing that from January to August this year, the added value of industries above designated size in the city was calculated at comparable prices, down 1.1% year-on-year, excluding the impact of COVID-19 vaccine production. An increase of 3.2%. The city’s total market consumption increased by 8.9% year-on-year, of which service consumption increased by 13.3%.

At the 2023 China International Fair for Trade in Services held at the beginning of the month, four latest products of Jihu Motors, a subsidiary of BAIC Group, were unveiled, demonstrating the latest innovations in the development of the city’s new energy vehicle industry. According to statistics, from January to August, BAIC Group delivered more than 140,000 new cars of various brands, a month-on-month increase of 22.17% and a year-on-year increase of 6.65%.

Judging from the city’s situation, from January to August, among the 37 major industrial industries, the added value of 22 industries increased compared with the same period last year. Among the key industries, the automobile manufacturing industry increased by 10.6%, the electricity and heat production and supply industry increased by 7.8%, the computer, communications and other electronic equipment manufacturing industry decreased by 5.5%, the pharmaceutical manufacturing industry decreased by 29.5%, and the five major equipment manufacturing industries increased by 13.4%. In terms of major industrial products, the city produced 661,000 cars, an increase of 10.6% over the same period last year. Industrial enterprises achieved a sales output value of 1,470.45 billion yuan, an increase of 2% over the same period last year, of which domestic sales output value was 1,355.83 billion yuan, an increase of 2.8%.

From January to August, the city’s fixed asset investment increased by 5.6% year-on-year. In terms of sectors, real estate development investment increased by 2.7%, infrastructure investment decreased by 0.9%, and manufacturing investment decreased by 11.3%. In terms of industries, investment in the primary industry dropped by 59.7%, investment in the secondary industry dropped by 8.6%, and investment in the tertiary industry increased by 7.7%. Among them, investment in high-tech services increased by 64.5%, driven by information services and scientific and technological achievement transformation services.

Since the beginning of this year, as the economy and society have fully returned to normal operations, the service industry, which was suppressed under the epidemic conditions, has recovered and improved. Data show that from January to August, the city’s total market consumption increased by 8.9% year-on-year. Among them, service consumption increased by 13.3%; total retail sales of consumer goods reached 918.71 billion yuan, an increase of 3.3%. Among the total retail sales of consumer goods, commodity retail sales were 830.89 billion yuan, an increase of 1.1%; catering revenue was 87.82 billion yuan, an increase of 30.4%.

“Gold jewelry has been selling very well recently, especially wedding jewelry.” Last weekend, Caibai Jewelry Store was crowded, and the staff behind the counter were so busy that they couldn’t touch the floor. As the Mid-Autumn Festival and wedding season approach, in addition to the hot sales of gold jewelry, investment gold bars are also experiencing hot sales. According to statistical data, from January to August, in the wholesale and retail industry above designated size, the retail sales of gold, silver and jewelry products increased by 26.5%, and the retail sales of cosmetics and sports and entertainment products also increased by 16.2% and 18.2% respectively. Retail sales of automobile products increased by 14.5%, especially new energy vehicles, which increased by 58.6%.

Consumer prices continued to rise moderately. Data show that from January to August, the city’s consumer prices rose by 0.6% year-on-year. Among them, food prices increased by 0.9%, non-food prices increased by 0.6%; consumer goods prices increased by 0.2%, and service prices increased by 1.1%. In August, consumer prices increased by 0.3% year-on-year, an increase of 0.2 percentage points from the previous month, and a month-on-month increase of 0.1%.

[Editor in charge: Hui Xiaodong]

2023-09-19 03:03:00
#Investment #hightech #service #industry #increased #August #Beijings #economy #continued #recover #China #Overseas #Chinese #Network

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.