The overall economy has achieved a good start, and Beijing has achieved a regional GDP of 891.59 billion yuan

  The GDP of Beijing in the first quarter increased by 17.1% year-on-year

  The Beijing Municipal Bureau of Statistics and the Beijing Survey Team of the National Bureau of Statistics released on April 19 the economic performance of Beijing in the first quarter.

Data show that in the first quarter of this year, Beijing achieved a regional GDP of 891.59 billion yuan, a year-on-year increase of 17.1% at comparable prices, an increase of 9.3% over the same period in 2019, and an average increase of 4.6% over the two years.

  Production speeds up to restore people's livelihood and maintains stability in the field

  In terms of industries, the primary industry achieved an added value of 1.32 billion yuan, a year-on-year increase of 4.9%, and a two-year average drop of 10.2%; the secondary industry achieved an added value of 122.53 billion yuan, a year-on-year increase of 35.4%, an average increase of 5.7% in two years; third The added value of the industry was 767.74 billion yuan, a year-on-year increase of 14.6%, and an average growth of 4.5% in two years.

  Data shows that in the first quarter, Beijing’s scientifically coordinated epidemic prevention and control and economic and social development continued to show results. The city’s economy maintained a positive momentum, related policies and measures continued to exert force, market vitality further improved, emerging momentum grew stronger, and endogenous power accelerated.

In the first quarter, the production sector in Beijing accelerated its recovery, the demand sector gradually picked up, and the people’s livelihood sector remained stable. The overall economy showed a steady and stable strengthening and stable and positive trend, achieving a good start.

  49,700 newly established enterprises in the city in the first quarter

  The number of newly established companies has increased, and consumer confidence has stabilized and improved.

Data show that in the first quarter, there were 49,700 newly established companies in the city, 1.2 times that of the same period in 2019; among them, newly established technology companies accounted for 42.6%, an increase of 1.7 and 4.7 percentage points over the same period of the previous year and 2019, respectively.

  According to the Beijing Consumer Confidence Survey, the consumer confidence index in the first quarter was 124.4, an increase of 1.8 points over the fourth quarter of the previous year; among them, the household income confidence index increased by 3.5 points, and the employment status confidence index increased by 1.1 points.

  In the first quarter, Beijing’s fixed asset investment maintained a steady growth, with a year-on-year growth of 18.3% and an average growth of 4.8% in two years; the consumer sector continued to pick up, with total market consumption increasing by 24% year-on-year and an average growth of 4.1% in two years.

The export delivery value of the industrial enterprises above designated size accounted for 10.1% of the sales output value. The export delivery value of the pharmaceutical, electronic, and equipment manufacturing industries increased by 45.2 times, 48.6%, and 27.2% respectively year-on-year.

From January to February, the city's actual utilization of foreign capital increased by 32.6% year-on-year, and the two-year average growth rate was 8%. The leasing and business service industry, wholesale and retail industry, scientific research and technical service industry grew rapidly compared with the same period in 2019.

  Residents' per capita disposable income increased by 9.7% year-on-year

  In the first quarter, the city’s per capita disposable income was 19,585 yuan, a nominal increase of 9.6% over the same period last year, and an average increase of 7.1% over the two years. After deducting price factors, the actual increase was 9.7% over the same period last year and an average increase of 5.2% over the two years.

  Four types of income increased across the board: wage income increased by 10.5% in nominal year-on-year terms, net operating income increased in nominal terms by 15.6% year-on-year, net property income increased in nominal terms by 10.6% year-on-year, and net transfer income increased in nominal terms by 5.3% year-on-year.

Photo courtesy/Visual China

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  Beijing's CPI in the second quarter is expected to continue to run at a low level

  In the first quarter, the city's consumer price (CPI) fell by 0.1% year-on-year, and was generally at a relatively low level.

Among them, the year-on-year growth rate of CPI in January and February was negative, down 0.8 and 0.1 percentage points year-on-year respectively; in March, it turned from negative to positive, up 0.6 percentage point year-on-year.

In this regard, Bian Jing, deputy head of the Beijing Survey Team of the National Bureau of Statistics, said on April 19 that this was mainly due to the impact of last year's CPI lift-up factor.

  He introduced that as the epidemic subsided and the weather turned warmer since the first quarter, food prices in Beijing have dropped significantly.

On the one hand, pork supply capacity has increased, and prices have dropped significantly. On the other hand, southern and northern dishes have been on the market at the same time, and the prices of fresh vegetables have also fallen.

Data show that the prices of pork and fresh vegetables in Beijing in March fell 18.3% and 6.1% year-on-year, respectively.

In addition, the price of eggs in Beijing also dropped in the first quarter.

  Affected by the epidemic last year, service prices in Beijing increased at a relatively low level.

At present, with the gradual recovery of consumption, service prices in Beijing have rebounded from the previous month and have risen slightly.

For example, last month, the prices of Beijing air tickets, overseas accommodation and rental housing prices rose by 11.0%, 6.3% and 0.8% respectively.

  In addition, he also mentioned that the rise in domestic commodity prices has affected the recovery of industrial consumer product prices. Although the current index is still falling year-on-year, the rate of decline has narrowed and it has risen month-on-month.

In particular, the rise in international crude oil prices in March drove Beijing's gasoline and diesel prices in March to increase by 11.8% and 12.9% year-on-year and 6.7% and 7.3% month-on-month respectively.

  Regarding the trend of CPI in the next stage, the relevant person in charge said that it is expected that the CPI in each month of the second quarter will continue to rise moderately from a decline to an increase in March. However, due to the decline in the price increase of pork and fresh vegetables, the overall CPI Will continue to maintain a low operating situation.

  Text/Reporter Zhang Qin Coordinator/Yu Meiying

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