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Beijing's economy expands 6.7 pct in first three quarters
Last Updated: 2018-10-23 11:24 | Xinhua
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Beijing's economy grew 6.7 percent year on year in the first three quarters of 2018, according to the Beijing Municipal Bureau of Statistics.

Over this period, the municipality's gross domestic product totaled 2.15 trillion yuan (about 318 billion U.S. dollars), with the tertiary sector registering a 7.2 percent growth, said Pang Jiangqian, vice director of the bureau.

Notably, Beijing saw a 16.8 percent growth in its high-tech manufacturing and its strategic new industries expanded 11.2 percent year on year in the first three quarters of this year.

Over the period, the capital's consumption volume grew 7.9 percent year on year, with service-oriented consumption contributing to more than 75 percent of the growth.

"Data shows that service-oriented consumption has played a major role in the growth," Pang said. "Consumers' diverse needs have continued to help optimize the structure of consumption."

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Beijing's economy expands 6.7 pct in first three quarters
Source:Xinhua | 2018-10-23 11:24
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