Beijing's new economy totals 1.37 trillion yuan in 2020
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E-mail China.org.cn, March 2, 2021
Beijing's new economic forms displayed robust performance in 2020 despite the COVID-19 epidemic, according to official data released recently.
The added value of the Chinese capital's new economic forms stood at about 1.37 trillion yuan (around US$211 billion), accounting for 37.8 % of Beijing's GDP last year, according to the municipal bureau of statistics.
Among the city's large-scale industries, high-tech manufacturing and strategic emerging industries saw their added values increase 9.5 % and 9.2 % year on year, respectively. Smartphones, industrial robots, and integrated circuits all saw rising productions.
High-tech services increased by 9.8% year on year, higher than average in the service industry. In particular, information technology services grew by 15.5% year on year.
In 2020, online retail sales in wholesale, retail, accommodation, and catering industries above the designated size in Beijing increased by 30.1% year on year, accounting for 32.2% of the total retail sales of consumer goods. This marked an increase of 7 percentage points from the previous year.
Stay-at-home economy, online working, and online education expanded with growing needs. The transaction volume on online education platforms was 2.1 times that of 2019. Large-scale enterprises from sectors of online education, entertainment, games, and sports saw their revenues rise over 40% year on year.
R&D and innovations remained active. A series of new technological products played essential roles in the fight against the pandemic. The R&D investment of Beijing's large- and medium-sized key enterprises increased 14.7% from January to November in 2020.
(with input from Xinhua)
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