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On October 21, the Beijing Municipal Bureau of Statistics released its latest data. In the first three quarters, the city's gross domestic product (GDP) reached 4,046.84 billion yuan, up 5.2 percent year on year at constant prices. By sector, the value added in the primary sector was 7.78 billion yuan, up 3.7 percent; that of the secondary sector was 518.78 billion yuan, up 2.7 percent; and that of the tertiary sector was 3,520.28 billion yuan, up 5.6 percent.

In the first three quarters, the city's total output value of agriculture, forestry, animal husbandry and fisheries reached 17.07 billion yuan, up 3.7 percent year on year at comparable prices. Rural leisure tourism recorded 17.774 million visits by tourists and generated revenue of 2.56 billion yuan, up 4.4 percent and 2.8 percent, respectively.

The city's industrial enterprises above designated size achieved 5.4-percent year-on-year growth in value added at comparable prices, with the growth rate 2 percentage points higher than in the first half of the year. High-end manufacturing showed strong momentum, with the outputs of service robots, industrial robots, servers and integrated circuits up 170 percent, 47.6 percent, 36.8 percent and 20.5 percent, respectively.

The city's tertiary sector saw its value added grow 5.6 percent year on year at constant prices. Specifically, sub-sectors including information transmission, software and information technology services recorded a combined value added of 998.11 billion yuan, up 8.4 percent. AI technologies continued to advance rapidly, while the demand for computing power and storage services remained strong. Integrated circuit design, information processing and storage services, and Internet data services all recorded relatively rapid growth.

The city's fixed-asset investment (excluding rural households) grew 3.9 percent year on year, with the growth rate 0.9 percentage points higher than in the first half of the year. Investment in equipment purchases rose 24.2 percent, while the rollout of large models and computing infrastructure accelerated and the demand for equipment such as intelligent computing servers remained robust.

The city's total market consumption grew 2.3 percent year on year, with the growth rate 0.6 percentage points higher than in the first half of the year. Green consumption remained strong, with the retail sales of new energy vehicles up 3 percent.

The city's consumer price index (CPI) rose 0.6 percent year on year. In September, the CPI rose 0.6 percent year on year but fell 0.1 percent month on month.

Overall, the city's economy remained stable in the first three quarters this year, with competitive industries and emerging fields continuing to support and drive growth, underscoring the vitality of innovation in the city.

(Source: Beijing Fabu)