Beijing's economy remains stable through November

0 Comment(s)Print E-mail, December 17, 2021
Adjust font size:

Beijing maintained stable economic performance in the first 11 months of 2021, with value-added industrial output up 34.5% year on year, according to data released by the Beijing Municipal Statistics Bureau on Thursday. 

From January to November, the industrial output in the pharmaceutical industry surged by 290% from the same period last year, and that of the computers, electronic, and communication equipment manufacturing industry increased by 19.9%. Driven by the development of these two industries, the industrial output in the high-tech manufacturing and strategic emerging industries increased 130% and 100%, respectively, and that of industrial robots and integrated circuits grew by 59.1% and 25.8%, respectively. 

The capital city's fixed-asset investment increased by 6.5% year on year. Specifically, the fixed-asset investment in the primary industry declined by 63.9%. The investment in the secondary and tertiary industries increased by 42.2% and 4.7%, respectively, among which that of the high-tech manufacturing industry doubled from last year. 

Consumer spending has continued to recover, despite a slower growth due to the impact of the pandemic. In the first 11 months, Beijing's total retail sales rose by 13.1%, 2.4 percentage points lower than the first 10 months. Specifically, service spending rose by 15.5%, and the retail sales of consumer goods totaled 1.35 trillion yuan, up 10.4% year on year. 

Online consumer spending has stayed active. Online wholesale and retail sales as well as the hospitality service totaled 491.68 billion yuan, up 20.5% year on year and accounting for 36.2% of the total sales of consumer goods.

The consumer price index in November was stable compared with October, with a slight increase year on year.

Follow on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from