说明:双击或选中下面任意单词,将显示该词的音标、读音、翻译等;选中中文或多个词,将显示翻译。
Home->News->Business->
Beijing economy on recovery road
2020-09-18 
An employee puts finishing touches to a Mercedes-Benz car on an assembly line in Beijing. [Photo/Xinhua]

Beijing's economy continued to recover from the coronavirus pandemic, as the city's automobile grew for the first time this year, according to the municipal statistics authority.

Auto manufacturing added value increased by 0.2 percent for the first eight months in Beijing, the first bump this year, according to figures released on Wednesday.

Beijing Benz Automotive's factory, with an annual capacity of 120,000 electric vehicles, started production and construction on the Beijing Electric Vehicle's high-end intelligent car factory, which will produce 120,000 vehicles annually.

High-end industries have contributed significantly to the economic recovery in Beijing. From January to August, the added value of industries above the designated size fell 0.8 percent year-on-year, which means the rate of decline narrowed by 1.1 percentage points compared with the January to July figure.

High-tech manufacturing grew by 6.2 percent and strategic emerging industries grew by 4.3 percent. In key industries, computers, communications and other electronic equipment manufacturing grew by 18.5 percent.

In the fixed-asset investment sector, from January to August, the city turned from negative growth to positive with an increase of 0.6 percent year-on-year.

Specifically, investment in secondary industries increased by 37.3 percent, including a 130 percent increase in high-tech manufacturing.

Consumer spending has also continued warm in the capital. From January to August, the decline in total market consumption in the city narrowed by 0.7 percentage points compared with the January to July figure.

The total retail sales of consumer goods reached 768 billion yuan ($114 billion) for the first eight months in Beijing. Prices have generally remained stable. From January to August, the city's consumer prices rose by 2.3 percent year-on-year.

Most Popular...
Previous:China sets up national coronavirus center
Next:Xi stresses blazing new path of high-quality development