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2024-01-30  |  

2023 was a year of recovery and improvement for Beijing's economy, marked by significant high-quality development. Gross regional product (GRP) increased by 5.2 percent to approximately CNY 4.4 trillion, with general public budget revenue growing by 8.2 percent to surpass CNY 600 billion. The flow of technology contracts from Beijing to the surrounding areas of Tianjin and Hebei increased by 110 percent, with expenditures on research and development accounting for over 6 percent of GRP. There were a total of 7,180 small and medium-sized enterprises engaged in special technologies, 114 unicorn enterprises, and the added value of the digital economy accounted for approximately 42.9 percent of the city's GDP. Total market consumption increased by 10.2 percent, with fixed asset investment growing by 4.9 percent and the cumulative number of companies listed on the Beijing Stock Exchange reaching 241. 281,000 new jobs were created in urban areas, and the urban surveyed unemployment rate dipped to 4.4 percent. Overall, the consumer price index remained stable as household incomes reflected the economic upswing. Per capita GRP, labor productivity, and energy and water consumption per unit of GRP in Beijing continued to be lead provincial-level indicators nationwide.