Beijing's first-half GDP up 5.4% year-on-year: Chinese report

On the 17th, the Beijing Municipal Statistics Bureau announced that the city's gross domestic product (GDP) for the first half of the year, in real terms excluding the effects of price fluctuations, increased 5.4% year-on-year to 2.17913 trillion yen (approximately 47 trillion yen).
By sector, the primary industry was down 0.1% to 4.11 billion former (approximately 89.4 billion yen), while the secondary industry was up 5.7% to 303.82 billion former (approximately 6.6 trillion yen).
The tertiary industry increased by 5.4% to 1,871,210,000,000,000 yen (approximately 41 trillion yen). By item, the total profits of industrial companies of a certain size or larger in the city increased by 7.1% year-on-year.
Fixed asset investment in the city as a whole (excluding farmers) increased by 9.6% year-on-year. Of this, basic equipment investment increased by 30.5% and manufacturing investment increased by 33.9%, while real estate development investment decreased by 1.7%.
The total market consumption increased by 4.0% year-on-year. Of this, the consumption of services increased by 8.3%, while the total retail sales of social consumer goods decreased by 0.3% year-on-year to 698.24 billion yen (about 15 trillion yen).
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