Beijing's GDP expands 5.6% in first three quarters

Beijing's economy maintained steady growth in the first three quarters of 2025, with gross domestic product reaching 3.84 trillion yuan ($526 billion), up 5.6% from a year earlier at constant prices, according to data released Wednesday by the Beijing Municipal Bureau of Statistics and the Beijing Survey Team of the National Bureau of Statistics.

The growth rate was 0.1 percentage point higher than in the first half of the year. The capital's economy showed a strong start in the first quarter, followed by sustained stability in the subsequent months.

By sector, the information transmission and software industry, which grew 11.2%, the financial industry, up 9%, and the industrial sector, up 6.5%, together accounted for more than 80% of overall economic growth.

High-end manufacturing continued to perform strongly, with output in computer, communications and electronic equipment manufacturing rising 24.6% and automobile manufacturing increasing 13.4%. The service sector expanded 5.8%, while total agricultural output edged down 0.4%.

Consumption and investment remained key drivers of growth. Service consumption accounted for 59.8% of total household consumption expenditure, a five-year high, while overall market consumption grew 0.5%. Fixed-asset investment increased 9%, supported by an 83.1% surge in equipment investment, reflecting strong confidence in industrial upgrading and technological transformation.

Innovation and living standards continued to improve. From January to August, research and development spending by large and medium-sized key enterprises grew 6.4%, and technology income among key firms in the Zhongguancun Demonstration Zone rose 12.2%.

Residents' per capita disposable income reached 67,206 yuan, up 4.5% from a year earlier. The average surveyed urban unemployment rate stood at 4.1%, and consumer prices fell 0.4% year on year, indicating stable employment and a mild price environment.